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Taxable Fringe Benefit
 

Description

Federal
Income Tax
Withholding

FICA

FUTA

PA
Income Tax
Withholding

PA
Unemployment
Compensation

Local
Income Tax
Withholding
Personal use of company auto T T T N T N
Group Term Life Ins. (more than > $50,000) T T N N N N

Third Party Sick Pay

 T (2) (2) N (2) N
1040 Tax Preparation T T T T T T
Expense Reimbursement N N N N N N
Section 125 Cafeteria Plan
(Salary reduction amts. only)		 N N N (3) N (3)
401(k) Employee Contribution N T T T T T
Qualified Plan Employer Contribution N N N N N N
Non-qualified Plan Employer Contribution T (4) (4) T T T
Hospitalization Insurance Benefits of
S Corporation 2% Shareholder
(if non-discriminatory)		 T N N N N N
Reimbursed Qualified Moving Expense N N N (1) (1) (1)
Reimbursed Non-Qualified Moving Expense T T T T T T
Tip Income T T T T T T
Allocated Tips
(Taxable on Individual’s Federal return)		 N N N N N N
             
T – Taxable
N – May be Non-Taxable
(1) –Taxable for new employee/non-taxable for existing employee
(2) – Taxable up to six months
(3) – Non-taxable only if benefit is for hospitalization, sickness, disability, death, supplemental
         unemployment benefit or strike benefit. All other Section 125 benefits are taxable.
(4) – May be Non-Taxable