Payroll Terms & Acronyms
Yale University Clerical and Technical employee
Yale University employee hired for a non–benefited temporary position
Record of wages/salary paid to employee
Classification of an employee whose job title and description makes them exempt from provisions of the Fair Labor Standards Act.
Federal Insurance Contributions Act: A Federal system of old age, survivors, disability and hospital insurance.
- Social Security: The old age, survivors and disability insurance part of FICA
- Medicare Tax: The hospital insurance part of FICA
Yale University’s Fiscal year is from July 1st through June 30th.
Federal Income Tax
The “Employee’s Withholding Allowance Certificate” that determines federal tax withholdings.
The “Employee’s Withholding or Exemption Certificate” that determines State of Connecticut tax withholdings.
The “U.S. Department of Justice Employment Eligibility Verification form”. All new employees must complete this form to verify eligibility of employment.
The “Advanced Earned Income Credit” form to request qualified Earned Income Credit payments to be included with Yale University Payroll Payments.
The total amount of payments made to an employee prior to any taxes and/ or pre–tax or post–tax deductions.
Yale University Managerial or Professional employee
Three digit campus routing code assigned by Campus Mail Delivery Service for each department to ensure accurate campus mail deliveries of paychecks and/or pay advices.
The total amount of payment after any applicable deductions including Federal, State, Social Security and Medicare B taxes and pre–tax or post tax deductions. “
Classification of an employee whose job title and description are covered by the provisions of the Fair Labor Standards Act (FLSA)
The Oracle HR/Payroll System’s term for any check processed and printed outside the realm of normal scheduled payroll processing cycles.
Under special circumstances, payment made to an employee prior to pay period.
Yale University Service and Maintenance Employee
State Income Tax
Terminal Vacation Pay—Vacation Pay due employee at time of termination.
State of Connecticut and Federal taxes withheld from payroll payments in accordance with State and Federal tax laws.
Last Updated: October 23, 2009 (jp).