2008 Payroll Highlights

Please be advised of the following Payroll Highlights for 2008:

* W-2 forms for calendar year 2007 will be distributed as soon as they are available, but no later than January 31, 2008.

* The Social Security taxable wage base is increased to $102,000 the maximum social security tax at $6,324.00.

* The 1.45 % Medicare tax applies to all of an employee's FICA-covered wages, there is no maximum for the Medicare tax limit.

* Advance EIC payments: Eligible employees must file a new W-5 form every year.

* If you are exempt from Federal Withholding, a new W-4 form, attesting to the exempt status, must be filed by February 16, 2008.