Account Codes: Detail

10507-Student Employee Awards

Description:

Amount awarded to student employees in recognition of special service or accomplishments. Subject to income tax and FICA withholding. This pay is included in employee's gross income and is W-2 reportable, and is not considered income for retirement purposes. Amounts paid using this account code are taxed at the supplemental rate. (See 10629 - Other Graduate Assistant Pay, for graduate students)

Account Type Code: 65
Data Entry Status: Y (Yes)
Tax Reportable Status: Not Tax Reportable
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