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What query do I use to get imputed income information for my employees from Edison?

Crystal
Updated

Imputed Income for Basic Term Life Insurance

There is a query available in Edison that provides the calculated amount of imputed income for each employee enrolled in basic term life insurance with a coverage amount over $50,000.

Query Name:

TN_BA162_PAYCHECK_IMPUTED_INC

Central State Agency Benefits Coordinators (ABCs)

  • This query is for informational purposes only.
  • The state payroll process in Edison will automatically calculate the imputed income amounts for each employee.
  • No action is required on your part.

State Higher Education ABCs

  • Since state higher education employees are not paid through Edison, you must:
    1. Use the query to obtain the imputed income amount for each eligible employee.
    2. Update your employees’ paycheck earnings in your own HR/payroll system.
    3. Include the imputed income as a taxable earning on the employee’s W-2 form.

Additional Information

For more details on how fringe benefits and imputed income are treated for tax purposes, contact your agency legal and tax consultants and refer to:

IRS Publication 15-B
https://www.irs.gov/publications
Search for: Publication 15-B

To access the publication:

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