We have two associate pastor's that we are paying $300 a week for mileage. They were paid $1,500...we only began this 5 months ago. I was instructed to put this in the housing allowance on the w2 if...example
After calculating the miles the one pastor went over the $1,500 by $40.50. So he has nothing to report on a w-2 correct?
example explained to me.
1,500 - actual miles spend only $800 so take the $800 from the $1,500 and you get $700 which would go on the w2. But since he went used all of the money and then some there is nothing to report.
Hopefully this is clear. Thank you for your time and patience.