Page tree

Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

Info
This will cause the amount to print in box 12 with code 'J'.

 If taxable

  •  1. Increase the total and taxable gross amounts on the following deductions by the taxable amount of the benefit received by the employee
    • Federal
    • Ohio
    • OSDI
    • Medicare
  •  2. On the medicare record, increase the total medicare tax by any amounts the company withheld from the benefit
    •  If the district wants the corresponding board amount for this payment to show on the BRDDIS for the month
      • Enter a board error adjustment equal to the employee share withheld by the third party in the medicare record
    •  If the district does not want the corresponding board amount for this payment to show on the BRDDIS
      • The amount can be included as a payment due on the 941 for that tax year
  •  3. Contact any city involved for the employee, ask if the amount is city taxable
    • If yes
      •  Increase the total and taxable gross amounts on the corresponding city records
      •  If desired, calculate the tax amount due on the payment and enter that figure as an error adjustment for a remaining payroll; otherwise the employee will have to pay the tax later

...