Search found 4 matches

by Loraine
Thu Mar 25, 2010 12:52 am
Forum: Accounting
Topic: Payroll pretax benefits affect on W-2 and Form 941
Replies: 5
Views: 4969

Re: Payroll pretax benefits affect on W-2 and Form 941

My assumption has been that pre-tax medical and dental deductions ONLY affect the employee's salary amount when calculating SS and Medicare taxes. Based on this, I further assumed that the employee's total unadjusted gross salary was subject to Income Taxes and therefore this total unadjusted gross ...
by Loraine
Tue Mar 23, 2010 12:36 pm
Forum: Accounting
Topic: Payroll pretax benefits affect on W-2 and Form 941
Replies: 5
Views: 4969

Re: Payroll pretax benefits affect on W-2 and Form 941

Is there anyone that can help me with this problem? :wall: We expected that we would be able to use Power Church to generate our Form 941 Quarterly Report for filing with the IRS. Unfortunately, it is not working correctly with pretax benefits. Do we have to manually complete the report? Will we hav...
by Loraine
Wed Mar 17, 2010 12:49 am
Forum: Accounting
Topic: Payroll pretax benefits affect on W-2 and Form 941
Replies: 5
Views: 4969

Payroll pretax benefits affect on W-2 and Form 941

We provide medical and dental benefits for our employees under a Section 125 Cafeteria Benefits plan. We have set up our payroll so that the taxes are being correctly calculated on the after-deductions wages (the SS/Medicare wages) and paychecks are correct. When we ran a test on the Form 941 Quarte...
by Loraine
Tue Feb 09, 2010 5:51 pm
Forum: Accounting
Topic: payroll setup for pretax benefits
Replies: 1
Views: 507

payroll setup for pretax benefits

We provide medical and dental benefits for our employees under the Section 125 Cafeteria Benefits plan. Under this plan, the employee pays for their benefits through a payroll deduction, but these benefits are paid for with pretax money. For example, if the employee's gross wages for a pay period ar...