What does cafeteria mean on my w2?
Under a cafeteria, or Section 125, plan, you pay for your employer-sponsored benefits with pretax money. Your employer deducts your payments from your wages before withholding certain taxes. Your employer doesn’t include your pretax payments in your taxable wages on your annual W-2.
What does it mean on w2 less Other Cafe 125?
cafeteria plan
SECTION 125 is your employer’s benefit plan. It is also known as a “cafeteria plan”. Usually, what is reported there is your medical insurance premiums that are paid with pre-tax income. They are not taxed and are not included in your W-2 Box 1 wages so you can not deduct them as medical expenses.
Is Aflac a cafeteria plan?
With Aflac cafeteria plans, you can reduce your employees’ taxable income, thereby reducing your share of FICA and FUTA taxes. This could mean a savings for you and your employees. The administration of flexible spending account plans doesn’t have to be complicated.
What is Cafe 125 on my taxes?
Cafe 125 on a W-2 tax form refers to a cafeteria plan, in which an employer offers workers a choice between various job benefits. These benefits can include medical insurance, life insurance, adoption assistance, assistance with care for dependent elderly relatives, extra paid vacation days and similar.
Does AFLAC get reported on w2?
Aflac itself states that premiums paid by or through the employer for certain Aflac policies should be reported in box 12 using code DD on the W-2.
Are AFLAC premiums taxable?
No, generally. The proceeds of an accident and health policy, like AFLAC are not reportable as income so long as you did not deduct the premiums, and so long as this is not an employer provided fringe benefit.
What kind of circuit breaker does Eaton use?
Eaton provides product and service solutions for new residential construction for single-family and multi-family homes, as well as upgrades and replacements for existing homes. The Eaton Cutler-Hammer 125 Amp Double-Pole Type BR Replacement Circuit Breaker is designed to protect house wires from overheating or causing a short-circuit.
What makes a GE Q-line 125 amp 2 circuit breaker reliable?
The GE Q-Line 125 Amp 2 in. Double-Pole Circuit Breaker has a dedicated calibration screw which is cemented to prevent shifting. The attached screw creates a stable calibration for optimum performance. The unit has tin-plated copper stabs to create reliable, permanent and corrosion-resistant connections.
What kind of circuit breaker does Westinghouse use?
The Eaton Cutler-Hammer 125 Amp Double-Pole Type BR Replacement Circuit Breaker is designed to protect house wires from overheating or causing a short-circuit. The UL-listed breaker is compatible with Westinghouse, Challenger and Bryant load centers and has a maximum load of 240-Volt.
What are the functions of a circuit breaker?
The UL-listed breaker is compatible with Westinghouse, Challenger and Bryant load centers and has a maximum load of 240-Volt. Primary function of a circuit breaker is to protect the wire from overheating (overload) and fault currents (short circuit)