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WHICH OF THE FOLLOWING IS TRUE REGARDING HEALTH AND ACCIDENT INSURANCE PREMIUMS HEALTH PREMIUM FOR THE 2%...

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Accounting

WHICH OF THE FOLLOWING IS TRUE REGARDING HEALTH AND ACCIDENTINSURANCE PREMIUMS

HEALTH PREMIUM FOR THE 2% SHAREHOLDERS CANNOT BE TREATED ASWAGES.

INCLUDED ON THE 2% SHAREHOLDERS FORM W2 AND NOT SUBJECT TO FICAOR MEDICARE WITHHOLDING

THEY MUST BE DEDUCTED ON THE S CORPORATIONS FORM 1120S

MUST BE INCLUDED ON 2% SHAREHOLDER FORM W2 ONLY IF THE SCORPORATIO DOES NOT HAVE A PLAN FOR OTHER EMPLOYEES.

Answer & Explanation Solved by verified expert
4.5 Ratings (708 Votes)
Solution The TRUE STATEMENT IS Health And Accident Insurance Premiums MUST BE INCLUDED ON 2 SHAREHOLDER FORM W2 ONLY IF THE S CORPORATIO DOES NOT HAVE A PLAN FOR OTHER EMPLOYEES    See Answer
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Transcribed Image Text

WHICH OF THE FOLLOWING IS TRUE REGARDING HEALTH AND ACCIDENTINSURANCE PREMIUMSHEALTH PREMIUM FOR THE 2% SHAREHOLDERS CANNOT BE TREATED ASWAGES.INCLUDED ON THE 2% SHAREHOLDERS FORM W2 AND NOT SUBJECT TO FICAOR MEDICARE WITHHOLDINGTHEY MUST BE DEDUCTED ON THE S CORPORATIONS FORM 1120SMUST BE INCLUDED ON 2% SHAREHOLDER FORM W2 ONLY IF THE SCORPORATIO DOES NOT HAVE A PLAN FOR OTHER EMPLOYEES.

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