UNIT FUNCTIONS AND RECOVERY TIME OBJECTIVES UNIT FUNCTIONS FUNCTION NO. DESCRIPTION OF FUNCTION TIER PERFORMED Prompt payment of employees in accordance with Michigan 1 Payroll to Employees statute, through the timely preparation and submission of Tier I complete, authorized payroll documents. The preparation of W-2 forms to disseminate of employees and the IRS at the end of the year. The W-2 for reports an 2 W-2 Processing Tier I employee’s annual wages and the amount of taxes withheld from his or her paycheck. The preparation of 1042-S forms to disseminate to among U.S. nonresident employees. The 1042-W form reports federal tax 3 1042-S Processing Tier I withholding for tax treaty benefits, Fellowship/Scholarship income, contractors, royalty payments, and prize/award payments.
UNIT FUNCTIONS AND RECOVERY TIME OBJECTIVES UNIT FUNCTIONS NO. FUNCTION PERFORMED DESCRIPTION OF FUNCTION TIER 1 Payroll to Employees Prompt payment of employees in accordance with Michigan statute, through the timely preparation and submission of complete, authorized payroll documents. Tier I 2 W-2 Processing The preparation of W-2 forms to disseminate of employees and the IRS at the end of the year. The W-2 for reports an employee’s annual wages and the amount of taxes withheld from his or her paycheck. Tier I 3 1042-S Processing The preparation of 1042-S forms to disseminate to among U.S. nonresident employees. The 1042-W form reports federal tax withholding for tax treaty benefits, Fellowship/Scholarship income, contractors, royalty payments, and prize/award payments. Tier I
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