We are required to withhold taxes on and include on an employees W-2 the value of any life insurance we pay for each employee that is over $50,000. It is not a payment we make to the employee, but Soc Sec and Medicare need to be withheld.
How can we do that in the payroll module of PowerChurch?
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- Thu Jan 19, 2006 3:45 pm
- Forum: Accounting
- Topic: Payroll Life Insurance over 50000.
- Replies: 0
- Views: 2168