For example, if you wish to calculate a monthly average number of hours worked and use six months of data, divide the total hours your employee works in six months and divide the result by six to determine the monthly average hours of work for the employee.
Social Security disability payments may be includable in taxable income and still not increase the tax you pay. A lump-sum retroactive payment of Social Security Disability Insurance (SSDI) may be includable in taxable income, depending on the amount and your other income and deductions.
You arenât taxed on Social Security Benefits for your Dependants. Since your child is the person with the legal right to receive these Social Security Benefits, theyâre only taxable to her. These benefits are reported on her return if she files a return. This is true even if the benefits are deposited in your account.