2% shareholder insurance premium

[cchang]

HI,

Is 2% shareholder insurance premium subject to FIT, SIT, and SDI?

Let's say the 2% shareholder insurance premium is $20,000 in 2007. The $20,000 will be included on W-2 Box 1 and identified on Box 14, but is there any tax applied to $20,000 or purely just included the amount on Box 1?

Thank you very much!!
Chang

[ChEAr$]

clarification please

HI,

Is 2% shareholder insurance premium subject to FIT, SIT, and SDI?

Let's say the 2% shareholder insurance premium is $20,000 in 2007. The $20,000 will be included on W-2 Box 1 and identified on Box 14, but is there any tax applied to $20,000 or purely just included the amount on Box 1?

Thank you very much!!
Chang

Just what type of insurance are you talking about here? auto? life? health? house?
insurance of a personal nature?