Search this site with the Site Map or Site Search
MUST HAVE REFERENCE GUIDE
I understand from what I have read that basically any and all cash gifts to employees are to be added to the employee's W2 form. Are these gifts simply to be reported as income, or are they also subject to FICA tax? For example, if a $1,000 gift is given, should the employee receive $1,000 or $923.50 (the original gift amount less 0.0765 for FICA)? Thank you.
Click here to post comments
Join in and write your own page! It's easy to do. How? Simply click here to return to Love Offerings.
Need training on how to use QBO or Aplos effectively for a church or better yet ...need an expert in either of those accounting software to do your monthly bookkeeping and/or payroll? See more on our accounting services!
Online classes/courses on how to use QuickBooks Desktop and QB Online for a church!
Click here for more details!
Use coupon code "FCA" for 10% discount!
Quick Links: Home | Blog | Newsletter | Free Spreadsheets
Products: Church Accounting Book | Church Accounting Package | Spreadsheet Package
Support: FAQ | Church Accounting FAQ | Contact
Church Accounting Package!
By Vickey Boatright Richardson Copyright © 2008-2019 All rights reserved