When it comes to GTL on a pay stub, it is generally referred to as Group Term Life insurance. This is one type of life insurance offered by the employer as part of the employee’s benefits package. Sometimes, it is reported on the employee’s paycheck as part of their taxable benefits. The GTL amount on the pay stub is not actually money that is paid to the employee; it is the calculated cost of the life insurance coverage provided to the employee by the employer. Based on coverage and tax laws, a part of the benefit may qualify for inclusion in the taxable compensation.

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