June 22, 2006 cell phone allowance distribution information

The June 22, 2006 cell phone allowance distribution inadvertently did not have federal or state withholding deducted. Other employment taxes such as FICA were appropriately withheld from the June 22, 2006 cell phone allowance distribution. We are sorry for any inconvenience regarding the lack of withholding of federal and state taxes for the most recent cell phone allowance distribution. Caution will be taken to insure correct withholding is calculated on future cell phone allowance distributions. There will not be make up withholding on future cell phone allowances due to the small amounts of individual distributions. If an employee has concerns about under withholding of federal and state taxes for 2006, an employee can adjust his/her employee withholding allowance certificate, Form W-4. This can be adjusted at any time via the PeopleSoft employee tab at Payroll, Taxes and Salary or an updated Form W-4 can be faxed to Payroll Accounting at 587-9855.

If you have questions on the above, please contact Ying He, Accounting Supervisor, Payroll Accounting, at 587-9670.