The benefits counselor salary comparisons feature allows job seekers to get the information required to make important career decisions and negotiate salary ranges. For additional benefits counselor salary information, we recommend visiting Payscale.com.
â¢ Insured Earnings is the earnings as. described in your policy and used to. calculate your employeeâs benefits. â¢ It can vary depending on the definition. you choose for each eligibility group. â¢ Changes to insured earnings become. effective at the Insured Earnings.
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.