Benefits Found In Your Paychecks

Benefits
Found
In
Your
Paychecks
The
purpose
of
this
document
is
to
help
you
to
understand
the
benefits
you
receive
because
of
the
collective
bargaining
agreements
between
IATSE
and
the
local
employers.
First,
let
us
define
some
terms
for
you
and
what
their
purpose
is:
Federal
and
State
Taxes:
1) Federal
Income
Tax
–
This
is
your
overall
taxes
levied
by
the
Federal
Government
on
your
Gross
income.
2) FICA
–
This
is
a
tax
levied
by
the
Federal
Government
to
pay
for
Social
Security.
It
is
collected
by
the
IRS
and
administered
was
created
by
Federal
Insurance
Contributions
Act
(FICA).
The
tax
rate
as
of
2010
is
12.4%
on
the
first
$106,800
of
earnings.
For
W2
employees,
the
employee
pays
6.2%
and
the
employer
pay
the
other
6.2%.
For
1099
employees,
they
pay
the
full
12.4%
amount.
The
benefit
of
being
a
W2
employee
is
you
get
a
6.2%
benefit
of
additional
pay
because
you
don’t
have
to
pay
the
employer
share.
(eg.
if
you
make
$500
as
a
1099
contractor,
you
pay
$62
in
taxes
to
the
government.
As
a
W2
employee
you
pay
$31
and
your
employer
pays
$31
so
your
gross
pay
is
actually
$531)
3) Medicare
–
This
is
a
tax
levied
by
the
Federal
Government
to
pay
for
Medicare
benefits.
It
is
collected
by
the
IRS.
The
rate
as
of
2010
is
2.9%.
As
with
FICA,
if
you
are
W2
the
employer
pays
half
your
medicare
(1.45%)
so
you
make
more
money.
4) More
information
and
links
about
Federal
Taxes:
a. http://en.wikipedia.org/wiki/Federal_Insurance_Contributions_Act_tax
b. http://www.ssa.gov/pubs/10003.html
c. http://www.ssa.gov/mystatement/fica.htm
d. http://www.moneychimp.com/features/tax_brackets.htm
5) http://www.irs.gov/businesses/small/international/article/0,,id=104936,00.htmlArizona
State
Income
Tax
–
This
is
the
overall
taxes
levied
by
the
State
of
Arizona
on
your
Gross
income.
a. http://swz.salary.com/salarywizard/layouthtmls/swzl_statetaxrate_AZ.html
Union
Benefits
and
Fees:
1) All
benefits
you
receive
through
the
collective
bargaining
agreements
is
paid
by
the
employer.
2) All
benefits
are
in
addition
to
your
base
rate
of
pay
and
are
pre‐tax.
3) Health
and
Welfare
–
This
is
money
paid
by
the
employer
into
the
IATSE
National
Benefit
Fund.
This
fund
provides
various
health
plans
for
members
and
monies
put
into
the
fund
on
your
behalf
are
used
to
cover
the
quarterly
fees.
In
the
event
you
already
have
coverage
through
a
spouse,
the
money
in
your
fund
can
be
used
for
deductibles
and
other
approved
health
expenses.
4) Annuity
–
This
is
an
investment
fund
that
money
is
paid
into
by
your
employer.
It
is
intended
to
be
used
as
a
retirement
fund
and
you
are
allowed
to
put
in
additional
pre‐tax
matching
funds.
5) Pension
–
This
is
money
paid
by
your
employer
into
the
national
IATSE
Pension.
Based
on
your
years
of
employment
(based
on
days
worked
each
year),
you
receive
a
monthly
pension
at
the
specified
retirement
age
for
25
years.
6) Referral
List
Fee
–
This
is
a
1%
fee
levied
to
all
freelancers
(union
and
non‐union)
to
be
included
on
the
Union
Referral
List.
The
fee
is
levied
on
actual
hours
worked
by
the
employee.
As
part
of
the
collective
bargaining
agreements,
the
employers
agree
to
only
hire
persons
on
the
Referral
List.
To
have
this
automatically
withheld,
contact
the
business
agent
at
[email protected]
How
to
Read
Your
Paychecks
Fox
Sports
Arizona
Fox
Sports
Arizona
sends
2
documents
with
their
payroll.
Document
1
is
your
check
with
stub:
1) This
shows
the
pay
period
you
are
being
paid
for
and
the
date
the
check
was
issued
2) This
shows
your
pay
by
normal
(Wages‐Hourly),
Overtime
and
Double
Time
3) This
shows
the
taxes
that
are
withheld
and
your
yearly
totals
a. FED
FIT
–
This
is
your
Federal
Income
Taxes
withheld
b. FED
FICA
EE
–
This
is
your
Federal
FICA
Taxes
withheld
c. FED
MEDICARE
–
This
is
your
Federal
Medicare
Taxes
withheld
d. AZ
SIT
–
This
is
your
Arizona
State
Income
Taxes
withheld
e. IA748
Dues
–
This
is
your
1%
referral
list
fees
that
are
withheld
(if
you’ve
signed
the
cards)
Document
2
is
your
hours
and
benefits
summary:
1) This
shows
the
show
you
worked,
the
rate,
the
sign‐in/out
times
that
FSAZ
recorded
and
any
other
travel
expenses
you
were
paid
(mileage,
per
diem,
travel).
2) This
shows
the
break
down
of
benefits
you
were
paid
in
addition
to
your
base
rate.
a. H/W
–
This
is
the
amount
paid
into
your
Health
and
Welfare
account
b. Annuity
–
This
is
the
amount
paid
into
the
IATSE
National
Annuity
by
the
employer
c. Pension
–
This
is
the
amount
paid
into
the
International
Pension
fund
by
the
employer
d. Benefit
Total
–
This
is
the
total
additional
compensation
you
received
in
the
form
of
benefit
payments
which
(currently)
are
pre‐tax
benefits
3) NOTES:
a. If
your
IA748
Dues
do
not
show
up
and
you’ve
signed
a
1%
card
for
FSAZ,
contact
the
Union
Business
Representative
immediately
to
help
resolve
the
issue.
b. Keep
your
pay
stubs
and
check
your
year‐to‐date
totals
to
make
sure
they
match
Burke
Brothers
Productions
and
TRO
Crewing
BBP
and
TRO
use
a
3rd
party
payroll
company
that
only
sends
1
document,
your
check
and
stub:
1)
2)
3)
4)
5)
6)
This
are
shows
your
name,
your
file
number
with
the
payrolling
company,
the
pay
period
for
the
check
and
your
withholding
rates
(3rd
row,
4th
box).
a. FW
–
The
federal
rate
of
withholding
they
are
using
 S
–
Single,
M
–
Married,
#
of
Dependents
b. ST
–
The
state
rate
of
withholding
they
are
using
 S
–
Single,
M
–
Married,
%
of
Federal
This
shows
the
breakdown
of
how
your
hours
are
paid
a. REG
–
Your
regular
rate
of
earnings
b. O/TIM
–
Your
overtime
rate
of
earnings
This
shows
the
break
down
of
taxes
withheld
a. FICA
–
Your
federal
FICA
taxes
withheld
b. MEDFICA
–
Your
federal
Medicare
taxes
withheld
c. FED
WTH
–
Your
federal
Income
taxes
withheld
d. AZ
–
Your
Arizona
State
Income
taxes
withheld
This
shows
your
benefits
break
down
(paid
in
addition
to
your
base
rate):
a. HLTHWL2
–
This
is
the
amount
paid
into
your
Health
and
Welfare
account
b. ANNUITY
–
This
is
the
amount
paid
into
the
IATSE
National
Annuity
c. UNION1%
–
This
is
your
1%
referral
list
fees
that
are
withheld
(if
you’ve
signed
the
cards)
d. PENSION
–
This
is
the
amount
paid
into
your
pension
fund
This
is
your
year‐to‐date
totals
for
all
payments
and
withholdings
NOTES:
a. If
your
IA748
Dues
do
not
show
up
and
you’ve
signed
a
1%
card
for
BBP/TRO,
contact
the
Union
Business
Representative
immediately
to
help
resolve
the
issue.
b. Keep
your
pay
stubs
and
check
your
year‐to‐date
totals
to
make
sure
they
match