Navigation

    Discuss Places, discover new things to do, best places to see, talk to people, find best cafes, discuss about best bakeries around. Travel advice from travelers and locals.
    • Register
    • Login
    • Search
    • Recent
    • Popular
    • Categories
    • Let's Chat
    • Travelers
    • New Post
    1. Home
    2. Tags
    3. income
    Log in to post
    • All categories
    • heavypanda370

      What is imputed income GTL?
      United States • imputed income income internal revenue life insurance gtl • • heavypanda370

      2
      0
      Votes
      2
      Posts
      1176
      Views

      blackswan491

      If you see GTL which stands for Group Term Life on your paycheck, it means your employer has elected this organization-wide benefit that essentially pays your beneficiaries a portion or full amount of your annual salary.

      Also, how is GTL taxed? GTL income. Under Internal Revenue Code Section 79, employer paid life insurance amounts in excess of ,000 are considered taxable income to you. Multiply the monthly income by 12 and divide by 26 to find the amount added to your paycheck each month.

      Simply so, what is imputed income for group term life?

      Imputed income is the value of the income tax the Internal Revenue Service (IRS) puts on group-term life insurance coverage in excess of ,000. In other words, when the value of the premiums paid for by employers becomes too great, it must be treated as ordinary income for tax purposes.

      How do you calculate imputed income?

      Take the employees coverage amount, and subtract ,000. Divide the excess amount by 1000, and then multiple it by the monthly cost for 2017, according to the price table. If the employee is paying for any of the insurance costs themselves, subtract it off.
    • lazycat857

      What are Mozambique's economic activities and which is the major source of income?
      Mozambique • mozambiques economic economic activities major source income mozambiques • • lazycat857

      1
      0
      Votes
      1
      Posts
      227
      Views

      No one has replied

    • bigleopard696

      What is Algeria's source of income?
      Algeria • algerias source income • • bigleopard696

      3
      0
      Votes
      3
      Posts
      555
      Views

      happyostrich128

      Approximately 6000 dollars per person per capita.

    • 1 / 1