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Life Insurance over $50k calculation

Posted on by 370

This seems to be a problem for me every year so I'm trying to get ahead of the game. Are there instructions on how to properly calculate the life insurance over $50k so that the appropriate FICA & Medicare only taxes are deducted? I know how to get the cost per thousand. I'm looking how to enter into SL2011 FP1.  Thank you.

  • Suggested answer
    Mark E Profile Picture
    Mark E 6,405 on at
    RE: Life Insurance over $50k calculation

    Link below has the contents of an old KB with instructions on how to calculate:

    community.dynamics.com/.../142640

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