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What kind of worker's comp are excluded from gross income?

1 Answer

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Final answer:

Workers' compensation benefits that are excluded from gross income include employee insurance (mainly health), retirement plans, and employer payments to Social Security.

Step-by-step explanation:

Workers' compensation benefits that are excluded from gross income include:

  • Employee insurance (mainly health): This refers to any health insurance provided by the employer for the employee.
  • Retirement plans: Contributions made by the employer to retirement plans such as 401(k) or pensions are exempt from gross income.
  • Employer payments to Social Security: The portion of Social Security taxes paid by the employer is not considered part of the gross income.

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