5 Star Payroll

5 Star Minimum Wage

Rates as of January 1, 2020
Federal – $7.25
Indiana – $7.25
Kentucky – $7.25 will increase to $9.15 on 7/1/2020 

$8.70 per hour for non-tipped employees and $4.35 per hour for tipped employees. The minimum wage will apply to employees of businesses with annual gross receipts of more than $319,000 per year

5 Star Withholding Calculator

If you are an employee, the Withholding Calculator can help you determine whether you need to give your employer a new  Form W-4, Employee’s Withholding Allowance Certificate to avoid having too much or too little Federal income tax withheld from your pay. You can use your results from the calculator to help fill out the form.

5 Star IRS Calculator

Affordable Care Act

The IRS has a new website that provides information on the provisions of the Affordable Care Act.  The site explains tax benefits and responsibilities for individuals, employers, and other organizations.  In addition, it provides information about tax provisions that are in effect now and those that will go into effect in 2014 and beyond.  Topics include premium tax credits for individuals, new benefits and responsibilities for employers, and tax provisions for insurers, tax-exempt organizations, and other types of business.  The IRS released an online flier (Publication 5093) to help individuals locate other resources available through government organizations that deal with the Affordable Care Act provisions.