2016 Pay Dates and Leave Year

The following chart lists the pay periods for 2016. For the convenience of timekeepers, each biweekly pay period appears

as two separate weeks, with the beginning and ending dates indicated for each week.

The leave year always begins the first day of the first full pay period in the calendar year. The 2016 leave year begins

January 9, 2016 (Pay Period 02-2016), and extends for 26 full pay periods, ending January 6, 2017 (Pay Period 01-2017).

2016 Pay Period Inclusive Dates

2017 Pay Periods Begin 2016 Pay Period Inclusive Dates

2017 Pay Periods Begin

— Payroll, Controller, 11-26-15

2016 Social Security and Medicare Tax Withholding Rates and Limits

For 2016, the maximum limit on earnings for withholding

of Social Security (Old-Age, Survivors, and Disability Insurance)

Tax remains $118,500.00. The Social Security Tax

Rate remains at 6.2 percent. The resulting maximum Social

Security Tax for 2016 is $7,347.00.

There is no limit on the amount of earnings subject to

Medicare (Hospital Insurance) Tax. The Medicare Tax Rate

applies to all taxable wages and remains at 1.45 percent

with the exception of an “additional Medicare Tax”

assessed against all taxable wages paid in excess of the

applicable threshold (see Note). The FICA Tax Rate, which

is the combined Social Security rate of 6.2 percent and the

Medicare rate of 1.45 percent, remains 7.65 percent for

2016 (or 8.55 percent for taxable wages paid in excess of

the applicable threshold).

Thanks!

Mary