Identifying reportable insurance
Use this procedure to manually enter reportable insurance amounts for W-2 reporting. Only use this procedure if you are not tracking reportable insurance using pay codes and pay classes. For more information, see the Payroll Year End Procedures Manual.
To enter reportable insurance
Options for automatically entering the cost of reportable insurance
The following options are available for automatically entering the cost of group term life insurance over $50,000 and dependent coverage over $2,000 in Box 13 of your W-2 forms.
Note: This procedure is automatic only if you have tracked this
information for the entire year using a pay code
To | Use |
---|---|
Automatically report reportable insurance. | W-2 Parameters (PR27.1) |