Employee owned s corp with health insurance plan
S corp contributes 25% of wages
Salary 30,000
Health insurance premium reimbursed 10,000 (You pay Income tax on this but do not pay FICA)
W2 box1 Wages = 40,000
W2 box 3 FICA wages = 30,000
W2 box 14 = 10,000
Is the 25% company contribution calculated on 30k or 40k?