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What does GTL stand for?
GTL is an acronym that defines a daily ritual of gym, tan, laundry. It originated on the reality television show The Jersey Shore, and is occasionally alluded to in the online “manosphere” or the world of men focused on picking up women.
What does GTL mean on your paycheck?
1. Group Term Life Insurance (GTL).
What kind of company is GTL?
In 2020, GTL delivered 4.1 billion call minutes to incarcerated individuals and their families.Global Tel Link. Trade name GTL Type Private Industry Telecommunications Founded 1989 (as Global Telcoin, Inc.) Mobile, Alabama, U.S. Headquarters Falls Church, Virginia , U.S.
What does GTL stand for Urban Dictionary?
What Does GTL Mean? The meaning of the internet slang term GTL is “Gym, Tan, Laundry“.
What is group term life?
Group term life insurance is an insurance policy offered to all members of a group. The group usually is employees of a particular company, but it may also be members of another type of group, such as a membership association or labor union. Employers often provide group term life insurance as an employee benefit.
What is GTL on a w2?
1. Group Term Life Insurance (GTL) District Paid Group Term Life Insurance. The cost of district-provided group term life insurance (which includes cafeteria plans) in excess of $50,000 is reported as “other compensation” in Box 1, 3, 5, 16, and Box 12 Code C on the W-2 statement.
What does GTL mean in ADP?
If you see GTL which stands for Group Term Life on your paycheck, it means your employer has elected this organization-wide benefit that essentially pays your beneficiaries a portion or full amount of your annual salary.
Is GTL part of gross wages?
Group Term Life Insurance (GTL) The taxable portion is computed using your gross wages, the age you are on December 31 of the taxable calendar year, and a cost table per $1000 of coverage provided by the IRS. On your paycheck under Deductions, you will see “GTL” with a benefit amount.
What states does GTL service?
GTL is headquartered in Falls Church, Virginia, with additional locations in Alabama (Mobile), California (Sacramento, San Francisco, and Los Angeles), Florida (Gainesville and Lake Butler), Indiana (Indianapolis), Minnesota (Minneapolis), Pennsylvania (Altoona and Pittsburgh), and Texas (Plano, Irving, Fort Worth, and.
Who is the owner of GTL Infra?
Founder and Chairman, Manoj G Tirodkar had conceptualised a third party independent tower company and GTL Infra was carved out of GTL Ltd, the network services arm of Global Group in 2006.
Who owns Global Tel * Link?
GTEL Holdings, Inc.
What does GGTL mean?
GGTL Acronym Definition GGTL Generic Game-Tree Library GGTL Gamer’s Guide to Life (website).
What does PEL stand for?
The permissible exposure limit (PEL) is a legal limit in the United States for exposure of an employee to a chemical substance or physical agent. PELs are established by the Occupational Safety and Health Administration (OSHA).
What does Tshirt time mean?
What is T-shirt time? “[T-shirt time] means everybody put your T-shirts on because we’re about to go out,” DJ Pauly D explained to Vulture. In the early days of Jersey Shore, the men in the house would wait until the very last minute to put their shirts on to avoid wrinkling them.
What is group term plan?
Group Term Insurance Plans. Group term life insurance schemes offer financial independence to the concerned employee’s family in the event of death. It is intended to provide monetary guarantee to the beneficiary of the covered under the group term life insurance plan in the case of death of the insured.
What is group accident?
Group accident insurance is similar to personal accident insurance. Accident insurance is a supplemental insurance policy designed to provide a financial benefit to help cover the costs of being injured in an accident. Accident insurance policies pay out a benefit if you are injured in a manner listed in the policy.
How is GTL tax calculated?
Group Term Life Insurance is calculated as the taxable cost per month of coverage and is calculated by multiplying the number of thousands of dollars of insurance coverage (figured to the nearest tenth) less 50,000, by the cost from the group insurance table.
How do I report GTL on my w2?
GTL imputed income is reported on the Form W-2 as wages (Box 1), SS wages (Box 3), Medicare wages (Box 5), and in Box 12 using Code “C”.
Is GTL included in w2 wages?
Group Term Life Insurance. If your former employer provided more than $50,000 of group-term life insurance coverage during the year, the amount included in your income is reported as wages in box 1 of Form W-2.
Is group life insurance a taxable benefit?
Premiums you pay for employees’ group life insurance that is not group term insurance or optional dependant life insurance are also a taxable benefit. Term insurance is any life insurance under a group term life insurance policy other than insurance for which a lump-sum premium has become payable or has been paid.
How is GTL calculated on ADP?
The taxable portion is calculated as follows: GTL coverage – $50,000 = taxable GTL coverage. Taxable GTL coverage / $1,000 = GTL coverage per $1,000. Annual taxable compensation / # of pay periods = Per pay period taxable compensation.
What taxes are GTL subject to?
Total Amount of Coverage There are no tax consequences if the total amount of such policies does not exceed $50,000. The imputed cost of coverage in excess of $50,000 must be included in income, using the IRS Premium Table, and are subject to social security and Medicare taxes.
Is GTL and JPAY the same?
GTL is the service provider for families with loved ones inside a Department of Correction Facility.
Is Telmate safe?
You can rest assured that your communication is safe and secure. If you haven’t set up an account when you receive a call, you’ll be asked to provide credit card information to continue the call.
How do I get my money back from GTL?
The account holder will be able to request a refund for any unused balance of funds. If GTL receives no contact from the account holder after 180 days from the posting of the inactivity notification, the account will be closed and ineligible for a refund. Contact the GTL Customer Service Department at 1-866-607-6006.
