"Know your administrator" is the best advice Steven Story, a general agent for US Life Insurance Co. in Oklahoma City, can give employers considering offering a flexible benefit "cafeteria" plan under Section 125 of the Internal Revenue Service code.Carter, Kim...
Employer Benefits From A Cafeteria Plan In addition to the positive feelings from happy employees who enjoy the tax savings created by using a Cafeteria Plan, employers that offer Cafeteria Plans also save money by paying less in matching payroll taxes. How? Employees who pay their eligible expens...
I encourage you to visit this link to learn more about how this health insurance plan work in QuickBooks:Section 125 cafeteria plans. Here's an article that will help in confirming an employee's wages and benefits for year-end reporting:Year-en...
Cafe 125 refers to IRS Section 125, which covers cafeteria plans. These cafeteria plans allow employees to set aside pre-tax income for certain benefits, including dependent care assistance, group term life insurance, and adoption assistance. Learn more
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There is a limit on health-flexible spending arrangement (FSA), disallowing a cafeteria plan to let an employee request salary reduction contributions above $3,200. Additional Medicare Tax must be applied at a rate of 0.9% on anyFederal Insurance Contributions Act(FICA) wages or Railroad Retirem...
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noon when I went to my next class and the bell rang as I entered. I went through the normal process of asking the teacher if I was in the right class. Feeling52, she said, “That is the lunch bell.” I fel...
A. A weekend plan. B. A football game. C. Watching TV.7. What can we know about the man A. He doesn’t like football.B. He doesn’t know football rules.C. He will watch a football match on Friday.听第7段材料,回答第8、9题。8. Why does Alex use Zoom A. To keep in ...