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Reply from MarcH. on Jan 30 at 10:35 AM Hi Erik,
Sorry it took a while. We do not have your scenario here but I can still try:
a) /BT1 is added to your taxable income (box 1, 3 and 5) in the same way as /BU1. Every coverage > 50K is base for calculating taxable income and has to be reported in box 1, 3, 5.
b) If you have a /BT1 then the /BT1 will show in box 12, code "C"
c) If not (means you find the /BU1) there should be also a /NG3 and /NG5 for not collected FICA and Medicare which are setup in SAP standard to be reported on W2 box 12 code, "M" and "N". You can find the documentation on the W2 or online.
I hope that helps
Marc
| | | ---------------Original Message---------------
From: Neil SAP
Sent: Tuesday, October 24, 2006 2:40 PM
Subject: /BU1 for Imputed Income
Hi Gurus,
Just wanted to know if anyone is familiar with /BU1 being generated for an employee who is on Military leave and how you have handled it. Any help would be appreciated. In our case, the Payroll is generating a /BU1 for the Imputed income amount. Can we forgive the amount and ensure that there is no claim, how do we go about it?
Thanks,
Neil |
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