Payroll Life Insurance over 50000.
Posted: Thu Jan 19, 2006 3:45 pm
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?
How can we do that in the payroll module of PowerChurch?