Insurance shared with employer

[David Reed]

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.

Dave


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  
> 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
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