Form Rev-20 As - Employer Withholding For Pennsylvania Taxable Compensation Guide - Directions For Completing Federal Form W-2 Block 16 Page 7
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12Part C continued-DEDUCT the following items from the Box 1 amount:
Item
Withhold
7
Nondiscriminatory split dollar life insurance coverage when the
No
excess of the amount of the one-year term cost of the declining
life insurance protection to which the employee is entitled
exceeds the amount of the premiums he/she paid
8
Campus lodging provided to employees of a primary or
No
To the extent not
secondary school, college or university or their dependents if it
excludible as a de
discriminates in favor of highly compensated employees
minimis fringe for
federal income tax
purposes
9
Nonqualified stock options (those not governed by
No
IRC §§ 421-424) when amounts are required under the IRC
to be included in income upon grant
No
To the extent of the
10 Direct employer contributions to an IRA or SEP when they
exceed federal limitations on employer contributions and not
excess
made pursuant to employee election
11 Meals and lodging not provided for the employer’s convenience
To the extent not
No
excludible as a de
minimis fringe for
federal income tax
purposes
Part D-DEDUCT the following items from the Box 1 amount in the
circumstances noted:
Item
Withhold
When
1
Financial planning assistance
No
Service is purchased directly by the employer or is
provided by the employer's own employees.
2
Retirement counseling fees
No
Service is purchased directly by the employer or is
provided by the employer's own employees.
Except group term life insurance coverage on an
3
Other life insurance,
No
employee’s dependent.
including term, whole, under
nondiscriminatory plan when
premiums paid by employer
4
Split dollar life insurance
No
To extent employer pays premiums for life
insurance coverage element in policy
5
Campus lodging
No
Irrespective of whether for employer’s convenience
(Act 45 of 1998). (If cash allowance, it is subject to
withholding)
6
Meals and lodging not provided
No
for the employer's convenience
7
Amount of tuition reduction or
No
When the reduction or waiver discriminates in
favor of highly compensated employees of the
waiver
primary or secondary school, college or university
No
8
Supplemental unemployment
or the student is a graduate student not engaged
benefits paid under
in teaching or research activities for the
nondiscriminatory plan
employer – after 1/1/98 (Act 45)
9
Amount reportable for federal
No
When the option has a readily ascertainable value
income tax purposes at grant
of nonqualified stock option
Page 5
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form W-3 - Reconciliation Of Monthly Or Quarterly Returns Of City Tax Withheld On Wages (form W-1) With Eastlake Income Tax Withholding Statements (form W-2) - 2003
Financial
Related Categories
Parent category: Financial