Need help with 2% shareholder
I don't know how to calculate what the 2% shareholder earnings should be. I'm hoping someone on here can help me.
2% shareholder is CEO
She has a domestic same sex partner and dependent on the health plan
To date, her payroll has not processed the domestic partner as imputed income
They have the HDHP HSA Plan for which she has been paying the EE contribution level
They have family dental and paying EE contribution level
They have family Vision and paying EE contribution level
She's received the ER HSA Contribution each pay period which is being processed as fringe benefit (in and out)
She has company paid LTD which is already being processed as fringe benefit (in and out)
She has company paid GTL greater than $50,000 and started being processed as fringe benefit Aug 2021
If someone can give me a step-by-step of what constitutes the 2% shareholder earning and matching deduction, I would be super appreciative. This is the first time i am dealing with an S corp with 2% shareholder and, with one payroll left, we're trying to figure out what needs to get done.