Reportable compensation definition

Reportable compensation means compensation earnable as that term is defined in RCW 41.37.010(6).

Reportable compensation means compensation reported on Form W-2, in Box 1 or Box 5 (whichever is larger). As noted above, the amounts required to be reported in Box 1 generally are the same as FITW wages, although there are some differences.91 For example, the instructions to Form W-2 specifically require benefits under a section 457(f) plan to be reported in Box 1 when they vest. The amounts required to be reported in Box 5 are wages subject to Medicare taxes. A major difference between Box 1 and Box 5 is that Box 5 includes elective deferrals to qualified plans and nonqualified deferred compensation subject to section 3121(v)(1) and (2), respectively, even if they are not subject to section 457(f).

Reportable compensation means compensation from recipient for-profits and related or affiliated entities, including, but not limited to, base compensation, bonus and incentive compensation, and other nontaxable benefits, as reported on any of the following:

Examples of Reportable compensation in a sentence

• Reportable compensation generally refers to compensation reported on Form W-2, box 1 or 5 (whichever amount is greater); and Form 1099-MISC, box 7.

• Reportable compensation includes cash and the value of noncash items provided by a third party to a director for services rendered by the director on behalf of the reporting Farm Credit institution.

• Example.Organization X provides the following compensation to its current officer:$110,000 Reportable compensation (including pre-tax employee contributions of $5,000 to a qualified defined contribution retirement plan and $2,500 to a qualified health benefit(Form 990), including the dependent care, group life, and tuition assistance items, even though these items would not have to be reported as other compensation in Form 990, Part VII.Disregarded benefits.

• Reportable compensation generally refers to compensation reported on Form W-2, box 1 or 5 (whichever amount is greater); and Form 1099-MISC, boxes 6 and 7.

• For a short year return in which there is no calendar year that ends with or within the short year,‌$21,000 Reportable compensation (including $1,000 pre-tax leave column (F) blank, unless the return is a final return.

• Reportable compensation generally refers to compensation reported in box 1 or 5 (whichever amount is greater) of Form W-2, Wage and Tax Statement; box 1 of Form 1099-NEC; and box 6 of Form 1099-MISC.

• Reportable compensation is subject to retirement sys- tem contributions and is used in the calculation of your retire- ment benefit.(1) The department determines whether payments you receive are reportable compensation based on the nature of the payment, not the name of the payment.

• Name and title(b) Average hours per week devoted toposition(c) Reportable compensation (FormsW-2/1099-MISC)(if not paid, enter -0-)(d) Health benefits, contributions to employee benefit plans, and deferredcompensation(e) Estimated amount of other compensationLAURA BONNELL 10.00 0.

• Name and title of each employeeN/A(b) Average hours per week devoted toposition(c) Reportable compensation (FormsW-2/1099-MISC)(d) Health benefits, contributions to employee benefit plans, and deferredcompensation(e) Estimated amount of other compensation50 Complete this table for the organization's five highest compensated employees (other than officers, directors, trustees and key employees) who each received more than $100,000 of compensation from the organization.

• Reportable compensation generally refers to compensation reported on Form W-2, Wage and Tax Statement, box 1 or 5 (whichever amount is greater); Form 1099-NEC, box 1; and Form1099-MISC, box 6.