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.
by FreeAdvice staff. In some situations disability income may be subject to income tax. Whether or not disability income is taxed will depend on who is paying for the disability insurance premiums and how much income you are receiving from your disability benefits in combination with other sources.y FreeAdvice staff. In some situations disability income may be subject to income tax. Whether or not disability income is taxed will depend on who is paying for the disability insurance premiums and how much income you are receiving from your disability benefits in combination with other sources.