What can an employer report using voluntary payrolling?

Voluntary payrolling allows employers to report a wide range of benefits and salary payments for income tax withholding and reporting purposes. The correct answer highlights that voluntary payrolling can encompass all benefits except for specific exemptions, which may include certain types of fringe benefits that are not subject to tax withholding under the Internal Revenue Code.

Employers can utilize voluntary payrolling to simplify the tax withholding process associated with the benefits they provide to their employees. For example, benefits like health insurance premiums, retirement contributions, and certain bonuses can be included in the payroll. However, there are specific exemptions outlined in tax regulations which may exclude certain benefits, such as specific employer-sponsored benefits that are tax-free or not applicable for payroll tax withholding.

In contrast to the other options, voluntary payrolling is not limited to solely salary payments or cash benefits. This flexibility enables employers to be more efficient and compliant in reporting their compensation and benefits package in an organized manner. By focusing on the comprehensive nature of reporting while respecting exemptions, employers can ensure they accurately manage their tax obligations.