I AM NOT FAMILIAR WITH YOUR LOCAL LAW - YOU ARE RESPONSSIBLE FOR CONFIRMING THIS INFORMATION:
Back wages earned UP UNTIL the date you were ruled disabled are taxable at the normal rate.
Back wages earned AFTER the date you were ruled disabled, are subject to the law governing taxation of disability pensions.
Yes, all employer paid benefits and wages are taxable. There is a way around that if you are an executive. 4lifeguild
FIT, or Federal Income Tax, taxable wages are your total wages less deductions. To calculate taxable income, you subtract above the line and below the line deductions as indicated by your tax form.
Federal Income Tax wages.
It depends on your gross earnings; The new withholding tables are based on a percentage of gross taxable wages. "Gross taxable wages" is the amount that meets the federal definition of "wages".
yes
No.
It depends on the deduction. Most common deductions such as medical premiums reduce SS taxable wages. But salary-deferal types of deductions do not. For example, employee contributions to a 401lk or Simple IRA do not reduce SS taxable wages.
They are as taxable as normal wages...which they are...its just that they aren't given to you but to those who you owe...
This money cannot be added to the employee's wages as taxable income. This money is not theirs and should be reported to the police.
men
Deferred compensation to be contributed to a retirement plan before being subject to federal income tax for the year. This would reduce your gross taxable wages on the W-2 form that would be in box 1 taxable income for the year.
Check the laws for your local area, but retirement pay is often exempt from a great deal of collection activity that would apply to normal wages.