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1. Decide whether to take the FICA Bonus |
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Details: Reliant offers an additional 7.65% in salary bonus to offset the amount additional obligation of tax previously paid by the employer for Social Security. This bonus will be paid from the MTD account for which you are responsible . The amount of that tax obligation is 7.65%. This bonus will increase your monthly salary and will be included in your monthly paycheck.
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2. Notify Missionary Resources if you want the bonus |
Details: Once Reliant receives notification that you would like the bonus, you will receive a new salary offer.
Whom to email: hr@reliant.org
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3. Submit a new Support Goal |
Details: Make sure to wait to submit a new Support Goal until you have received confirmation that your bonus request has been processed. Submitting a new Support Goal accepts and activates the bonus. Resources: Support Goal on Staffnet
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4. Look at your options for paying your tax to the IRS |
Details: Remember, you must begin to pay your own Social Security tax (now called SECA since you are considered self-employed) from the point in time that you are paid Reliant wages as a minister. Resources: Chapter 7 in Zondervan Minister's Tax and Financial Guide |
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