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40 year old Taxpayer: Salary 100,000 Bonus 20,000 ER Paid Health Insurance 10,000 ER Paid Parking 6,000 500 per month ER Paid GTL Insurance 100,000
40 year old Taxpayer: | |||||||
Salary | 100,000 | ||||||
Bonus | 20,000 | ||||||
ER Paid Health Insurance | 10,000 | ||||||
ER Paid Parking | 6,000 | 500 per month | |||||
ER Paid GTL Insurance | 100,000 | coverage | |||||
Tuition Reimbursement | 6,000 | ||||||
Stock options | 1,000 | options with $5 FMV and vest in 3 years | |||||
Calculate the taxable compensation and the employee portion of social security and Medicare taxes for this taxpayer. | |||||||
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