Insurance shared with employer
drlinux at columbus.rr.com
Thu Jan 19 19:57:20 EST 2006
In most cases in the U.S. it is a non-taxable benefit - I have a
separate account/category - for this and my employer's contribution
to my 403B.
On Jan 19, 2006, at 7:39 PM, Ian Lewis wrote:
> Is the $50 that his employer pays really income for him? In my case
> never on my pay stub and is not included in my Salary. I never have
> money to expense it. My part, however, is included and is deducted
> on my
> pay stub.
> On Thu, 19 Jan 2006 19:21:14 -0500
> David Hampton <hampton-gnucash at rainbolthampton.net> wrote:
>> On Thu, 2006-01-19 at 16:32 -0500, Marc Tardif wrote:
>>> My employer shares payment of insurance with employees half and
>>> So, if insurance costs $100, my employer pays $50 and I pay $50. The
>>> problem is that I'm not sure how to account for these amounts.
>>> For example, lets say I have a salary of $1000. So, my employer adds
>>> $50 for its portion of the insurance which makes my gross salary
>>> like $1050. Then, I am deduced the full amount of the insurance $100
>>> which brings me to $950.
>>> How do I account for my salary and insurance in GnuCash? Should I
>>> report $1050 as Income:Salary and $100 as
>>> Shouldn't I report $1000 as Income:Salary, $100 as
>>> Expense:Insurance:Benefits and something else for the $50 insurance
>>> paid by my employer?
>> I use accounts named Income:W2 and Income:Other. I would record
>> this as
>> $1000 from Income:Salary, $50 from Income:Other, $950 to
>> and $100 to Expenses:Insurance. YMMV.
>> gnucash-user mailing list
>> gnucash-user at gnucash.org
>> Please remember to CC this list on all your replies.
>> You can do this by using Reply-To-List or Reply-All.
> Ian Lewis
> IanLewis at member.fsf.org
> gnucash-user mailing list
> gnucash-user at gnucash.org
> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.
More information about the gnucash-user