Complete the payroll register for this pay period and update the Employee Earnings Record form for each employee with the corresponding information. The Step-2 of Form W-4 is unchecked. The amount per period should be included in the record. As an example, if an employee elected to contribute $1,300 to his or her FSA, the period payroll deduction would be $1,300 26, or $50. All insurance and 401(k) deductions are pre-tax for federal and state. Benefit-related payroll deductions will take effect on the first pay period of March