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Unexpired insurance premiums amounted to $1,800 as of December 31. Prepaid Insurance: $2400.00 Insurance expanses: $900.00 Should adjustment bemade as: Prepaid Insurance: $1500.00 Insurance expanses: $900.00
Pre-Tax Health Insurance Premiums
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I received my W-2 today, and should Box 1 on the W-2 be reduced by the pre-tax health insurance premiums I pay throughout the year? And if so the Wages, Tips, Compensation would be lower than the social security wages, and medicare wages in boxes 3 and 5, correct? View more questions Search
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