Eternum
01-17-2012, 09:30 AM
Hi folks,
I received a request to fill out some information for auditor of my insurance company. In particular they ask about "Policy Period Gross Payroll". My question is: Do I need to use "gross" from employer standpoint, which includes employer's portion of SS and Medicare tax or from employee standpoint, in which case those two are excluded?
I asked auditor and their response was "from employer standpoint". However the friend of mine told me they had couple of audits in the past and auditors were interested in employee gross payments, i.e. without employer's portion of SS and Medicare tax.
If anyone has comments, please chime in. Thanks!
I received a request to fill out some information for auditor of my insurance company. In particular they ask about "Policy Period Gross Payroll". My question is: Do I need to use "gross" from employer standpoint, which includes employer's portion of SS and Medicare tax or from employee standpoint, in which case those two are excluded?
I asked auditor and their response was "from employer standpoint". However the friend of mine told me they had couple of audits in the past and auditors were interested in employee gross payments, i.e. without employer's portion of SS and Medicare tax.
If anyone has comments, please chime in. Thanks!