Category: Health

What does 125 mean on w2?
health
What does 125 mean on w2?

employer’s benefit plan SEC 125 is your employer’s benefit plan. It is also known as a “cafeteria plan”. Usually, what is reported there is your medical i...

Is 15% a depletion?
health
Is 15% a depletion?

The allowable statutory percentage depletion deduction is the lesser of net income or 15% of gross income. If net income is less than 15% of gross income,...