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The Amount Withheld is added to the Taxable Gross of Federal, Ohio, City and OSDI to be taxed.  It will not be added to Medicare Taxable Gross.

Example-

Life Insurance amount of $100.00.

$100.00/ 98.55% = $101.47 (life insurance) Applicable Gross x .029 (.0145 x 2) = $2.94 board payment/2= $1.47 for each the Employee (being paid by the board as pickup) and Employer amount. 

$101.47 - $100.00 = $1.47 Applicable Gross Adjustment

$1.47 Is the amount of the Board Pickup Amount of the Payroll Item.  This will update both Medicare Pickup for $1.47 and Medicare for $1.47 on the Employee's W2.

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