Wages, tips, other compensation. Show the total taxable wages, tips, and other compensation that you paid to your employee during the year. However, do not include elective deferrals (such as employee contributions to a section 401(k) or 403(b) plan) except section 501(c) (18) contributions.
Include the following. 1. Total wages, bonuses (including signing bonuses), prizes, and awards paid to employees during the year. See Calendar year basis. 2. Total noncash payments, including (…) 24. Salary reduction contributions made to a Roth IRA pursuant to a SEP arrangement or SIMPLE IRA plan. See SEP arrangements and SIMPLE IRA plans.
Calculate per pay-period OR on 12/31 check - determine the cost of group-term life insurance provided over the $50,000 income exclusion threshold.
Want to talk through how to do this with a Finch teammate? Reach out to your DSE or AM.this general guidance must be used at the discretion of Finch’s developers