Insurance shared with employer

[Ian Lewis]

Is the $50 that his employer pays really income for him? In my case it's
never on my pay stub and is not included in my Salary. I never have that
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 half.
> > 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 look
> > 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 Expense:Insurance:Benefits?
> > 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 Assets:Checking
> and $100 to Expenses:Insurance.  YMMV.
> 
> David
> 
> 
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-- 
Ian Lewis
IanLewis at member.fsf.org
http://www.ianlewis.org/
http://jsxe.sourceforge.net