Question

(ACC Payroll)

What requirements needs to be met in order to be classified as a "highly compensated" employee? What do you think of this classification.

Your original post should have more than 50 words but no more than 100 words. Your response to your two classmates should have more than 25 words but no more than 50 words.

Answer 1

The following requirements must be met in order to be classified as a "Highly Paid" Employee.

The first requirement is that the employee is required to earn at least $ 100,000 per year. Secondly, the employee should primarily do office work.

An employee must have at least one of the employee's duties in the administrative department or professional. Employees are required to be in the first 20% of the workforce while the employee is on the compensation list.

In my view, the employee needs to get a little interest, regardless of what the previous year was.
The extent of the compensation is subject to change per year. Because if the employee is a highly compensated employee, it can be certain that the new limits are checked.

In many schemes that benefit workers, discrimination between high paid and low paid workers is wrong and needs to be stopped.

High-paying employees can be more valuable than other employees. Because they would benefit more from a tax-free plan that would allow employees to reduce their tax liability. Not everyone in the retirement plan seems to get the same benefits.