Discussion Question #1a For a reimbursement or allowance payment to be considered an accountable plan...
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Accounting
Discussion Question #1a
For a reimbursement or allowance payment to be considered an accountable plan and therefore not be considered wages or subject to social security taxes, identify and discuss three requirements needed.
Discussion Question #1b
- Discuss and identify the amounts for the wage limits, surtax and floors for 2020 for the following taxes to be withheld from employees.
- Social Security
- Medicare
Reply
Discussion Question #1a
For a reimbursement or allowance payment to be considered an accountable plan and therefore not be considered wages or subject to social security taxes, identify and discuss three requirements needed.
Discussion Question #1b
- Discuss and identify the amounts for the wage limits, surtax and floors for 2020 for the following taxes to be withheld from employees.
- Social Security
- Medicare
Reply
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