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Payroll Adjustments / W-2's

edited Nov 1, 2006 12:57PM in SuitePeople US Payroll 1 comment

How do I make adjustments for employer paid health insurance premiums paid for 2% shareholders? On a future payroll, I need to increase the employees' YTD wages by an amount equal to the value of the premiums paid and deduct the applicable FICA and income taxes. 

I see there is a payroll code for "Health Insurance Employer Paid 2% Shareholders" but I'm not sure how to set up the payroll item.

It's the same situation for reporting the value of personal use of a company owned auto.  I need to add an amount to YTD wages and deduct applicable taxes before the end of the year.

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