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Life Insurance in the W2
Benefits & Compensation
Life Insurance in the W2
Exchange ideas about health plans, retirement, work/life benefits, and employee assistance.
Hi, Could you please advise how to go about and when to insert the Life Insurance in payroll? ( />50k is imputed income) We use Paychex. Thank you.
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Forums  »  Topic Forums  »  Benefits & Compensation  »  Life Insurance in the W2

Life Insurance in the W2

posted at 1/22/2009 3:15 AM EST
Posts: 59
First: 9/5/2008
Last: 9/4/2009
Hi,

Could you please advise how to go about and when to insert the Life Insurance in payroll? ( />50k is imputed income)
We use Paychex.

Thank you.
New post Reply to this post

Life Insurance in the W2

posted at 1/22/2009 9:55 AM EST
Posts: 1047
First: 4/11/2002
Last: 9/14/2011
Is Paychex unable to perform the calculation for you?

Unfortunately, I don't know if it's possible to set up a chart into a reply for this forum, so here's a link I found when I googled it: http://www.cpadvantage.com/articles/imputedincomesection79.aspx?LNC=_4_3.
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Life Insurance in the W2

posted at 1/22/2009 9:56 AM EST
Posts: 1047
First: 4/11/2002
Last: 9/14/2011
By the way, if you send me an email, I can send you an entire legislative brief on group term life insurance. Ready? It's a long one: matthew.roberts@heliosconsultinggroupllc.com. And yes, my IT guy will be beaten!
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Life Insurance in the W2

posted at 1/27/2009 8:54 AM EST
Posts: 59
First: 9/5/2008
Last: 9/4/2009
Thank you very much for your replies.

I have managed to find out how to input GTL.
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Forums » Topic Forums » Benefits & Compensation » Life Insurance in the W2

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