Boxes 1-2:Box 1 shows taxable income, including wages, salary, tips, and bonuses, while Box 2 shows how much federal income tax the employer withheld. Boxes 3-4:Box 3 details the earnings subject to Social Security tax and Box 4 shows the amount of Social Security tax withheld. ...
Box 1: Shows your total taxable wages, tips, prizes, and other compensation for the year, minus certain elective deferrals, such as 401(k) plans, pretax benefits, and payroll deductions. The number from box 1, your income, is reported on line 7 of your Form 1040. Box 2: Reports the...
The money set aside for selections you made in your work’s cafeteria benefits plan should already be subtracted from the total amount of your wages reported in box 1 of your W-2. What is Form W-2G? If you gambled and received winnings, they typically need to be included in taxable ...
W-2 Box 12: Codes There are several W-2 Box 12 codes you may need to put on an employee’s Form W-2. If applicable, add the codes and amounts in Box 12. These codes and values may lower the employee’s taxable wages. Let’s say an employee elected to contribute $1,000 to a...
Box 10 — Dependent Care Benefits Include dependent care benefits in this box. When calculating dependent care amounts remember that benefits over $5,000 are taxable so include the excess in boxes 1, 3, and 5. Box 11 — Nonqualified Plans ...
Box a: Employee Social Security Number (SSN). Box b: Employer Identification Number (EIN). Box c: Employer name, address, and zip code. Box e: Employee name. Box f: Employee mailing address. Box 1: Wages, tips, and other compensation — Total calendar year taxable wages, tips, and ot...
Form W2 or W-2 for Wages and Salary: Understand Your W-2, Box 12 and 14 Codes, and See How to Obtain Your W-2 from a Previous Employer.
Box 18 State income tax Taken from the year-to-date local taxable wages in Employee Local Tax Summary. Box 19 Local wages, tips, etc. Taken from the year-to-date local income tax in Employee Local Tax Summary. Box 20 Local income tax If local income tax was withheld for the employee ...
W-2 Box F: Employee’s address The employee’s current address is entered in Box F. W-2 Box 1: Wages, tips, other compensation Box 1 reports all taxable wages, salary, fees, bonuses, and tips, except for pre-tax benefits. This figure is determined by subtracting pre-tax deductions f...
Box 19 Box 20 Form W-2 Box 12 Balances The ORA_HRX_US_W2_BOX_12 lookup code contains the following Box 12 balance info. Code A Code B Code C Code D Code E Code F Code G Code H Code J Code K Code L Code M Code N