Author Topic: Parsonage  (Read 21267 times)

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Re: Parsonage
« Reply #100 on: December 28, 2018, 07:17:47 AM »
See here for good article explaining what income counts and what doesn’t for MAGI -

http://www.healthreformbeyondthebasics.org/key-facts-income-definitions-for-marketplace-and-medicaid-coverage/

Pretty well written with clear tables that show how the rules are much simpler under the current law, and expand Medicaid eligibility by leaps and bounds.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline A3

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Re: Parsonage
« Reply #101 on: December 28, 2018, 08:46:19 AM »
You pay all of FICA. Approx 15%
Is this paid when you file your taxes or this withheld and paid by the employer.

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Re: Parsonage
« Reply #102 on: December 28, 2018, 08:47:16 AM »
Is this paid when you file your taxes or this withheld and paid by the employer.
You pay, iiuc its treated like 1099

Offline EJB

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Re: Parsonage
« Reply #103 on: December 28, 2018, 09:35:27 AM »
You pay, iiuc its treated like 1099

Correct. Not withheld.

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Re: Parsonage
« Reply #104 on: December 29, 2018, 07:42:39 PM »
Correct. Not withheld.
So the rabbit pays the employers and employees portion? Like self employment tax?

Does the employer report it on the 941 and w3 w2 as social security wages?

Offline Dawie

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Re: Parsonage
« Reply #105 on: January 24, 2019, 10:15:03 AM »
So the rabbit pays the employers and employees portion? Like self employment tax?

Does the employer report it on the 941 and w3 w2 as social security wages?
Yes
NO