Overview Of Administration Proposal To Cap Exclusion For Employer Provided Medical Care S 640 And Of Tax Treatment Of Other Fringe Benefits PDF Download

Excerpt from Overview of Administration Proposal to Cap Exclusion for Employer Provided Medical Care (S. 640) And of Tax Treatment of Other Fringe Benefits: Scheduled for a Hearing Before the Committee on Finance, United States Senate on June 22, 1983 In general, amounts paid by an employer to a health plan for the benefit of an employee are not includible in the employee's income for income tax purposes or in wages for employment tax purposes. Under S. 640, gross income of an employee would include amounts paid by 'the employer to a health plan for the employee to the extent the amounts paid exceed specified dollar amounts. These threshold limits would be $175 per month for family coverage and $70 per month for individual coverage. In addition, the amount ia eludible as income would also be subject to social security, railroad retirement, and unemployment payroll taxes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.