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

90.2K

Verified Solution

Question

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

Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:

Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!

Become a Member

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.