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YOURPEOPLE, INC.

Imputed Income and Owners

Imputed income is calculated on employer-paid Basic Life coverage and employee paid Voluntary Life coverage.

If an owner is identified as a 2% S Corp owner in Zenefits, their imputed income for Group Term Life insurance will be calculated with out the $50,000  exclusion that is allowed for employees. There is more information about the IRS guidelines for this on page 12 here

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