Terminated employee paid premium with personal check
We received notice that a FT employee was terminating after they had terminated. This resulted us in only receiving one-half of their premiums for their health, dental and vision payments. Amazingly, they wrote us a check for the half that we paid.
Just trying to think this through,
Would i add this to their yearly totals of deductions. It would show on their w-2. (I'm thinking yes)
Do i deduct it from their taxable gross? (Drawing a blank on this one)
If it's part of their taxable gross, do i owe them some Medicare deduction amount?
Anything else i'm not thinking of?