American International Group, Inc. â also known as AIG â is an American multinational insurance corporation with more than 88 million customers in 130 countries.AIG companies employ over 64,000 people in 90 countries.The company operates through three businesses: AIG Property Casualty, AIG Life and Retirement and United Guaranty Corporation (UGC).IG companies employ over 64,000 people in 90 countries. The company operates through three businesses: AIG Property Casualty, AIG Life and Retirement and United Guaranty Corporation (UGC).
One day he slipped and injured his back when walking into the pubâs kitchen. He made $8.00 an hour plus any tips he received. Big Inningâs workersâ comp insurance company didnât include his tip income when it calculated his comp payments. Negriev appealed that decision. The insurance company said since the bartender hadnât reported the tips for federal income tax, they shouldnât be included in calculations for workersâ comp. But Negriev was able to show that even though he didnât report the tips for tax purposes, he did report them daily to his employer at the end of each shift.
The Federal Taxable Wages reported in Box 1 (Wages, Tips, and Other Compensation) on the Form W-2 is generally the same amount that is reported as the Federal Taxable Gross on your final paycheck/advice statement for calendar year 2012.There are a few exceptions to this.The most common is the reporting of payments for Taxable Expenses (e.g. non-overnight meals) that are not reported on the paycheck/advice statement. This is reported as EXP in Box 14 of the Form W-2 statement.Other exceptions are the reporting of Third Party Sick pay (TPS), Imputed Income (IMP), Imputed Income Married (IIM), personal use of a State-Provided Vehicle, and Certification and Licensure Exam Fee Reimbursement (FRB).here are a few exceptions to this. The most common is the reporting of payments for Taxable Expenses (e.g. non-overnight meals) that are not reported on the paycheck/advice statement. This is reported as EXP in Box 14 of the Form W-2 statement.