The GTL Insurance over $50K Report shows the calculated imputed taxable income for employees that receive group life insurance coverage in excess of $50,000. Its is a calendar year report.
The report can be reached by selecting Reports > Payroll > GTL Insurance over $50K Report.
It can be created as an Excel file with 2 worksheets or a PDF file.
Summary: Displays the estimated and actual imputed income for the calendar year along with any employee contributions.
Actual Detail: Shows the amount of imputed income that was processed in each payroll period. It will also include payroll periods that are scheduled to have imputed income included based on the GTL distribution value.
Year
Department
Site
Employee
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