Taxable Benefit
A benefit that an Employee receives in a non cash way such as a cell phone being provided or use of an automobile, have taxable consequences.
This tutorial demonstrates how to set up an Income and Deduction payroll item that have teh end result of no cash payment to the employee, however payroll taxes are applied. The Income and the deduction are set to be the same amount so they zero out, but the income has payroll taxers applied so they are withheld from the employee's regualr wages.
Video source: training:taxablebenefit(noncash)1111091739.flv
Created by Charlene Scott at 11/9/2011 5:39:26 PM