Digital printing uses digital imaging rather than process and spot inks to produce print materials. Students will learn how to work with digital graphics files in order to produce them on a digital press. Topics covered may include digital press programming, managing workflow, file formats, proofing and plate making.
Imputed income works on the principle of adding value to cash or non-cash employee compensation to properly withhold employment and income taxes from wages. In other words, Imputed income is the value of a service or benefit provided by employers to employees, which must be treated as income. Unless specifically exempt, imputed income is taxed. Since it is calculated for employment-related services, employers need to include it in Form W-2 for accurately reflecting taxable income. Imputed income on paycheck. Imputed income is subject to employment tax withholding (Social Security and Medicare contributions) but not federal withholding.
â¢ PAY This space will show the total gross pay for each type of hours worked. â¢ I NSURANCE INCOME-Premiums paid by an employer for employee life insurance coverage in excess of $50,000 are subject to income tax as imputed income. The imputed income is calculated using an Internal Revenue Service formula. GROSS PAY This is the gross pay for this pay period and the year-to-date, including COLA. â¢ FED TAX This is the amount deducted for federal tax this period and year-to-date. Your claimed marital status and number of exemptions will appear next to FED TAX.