Box f Employee’s address Taken from Address, City, State, and ZIP Code in the Employee Maintenance window. Box 1 Wages, tips, other compensation Displays the total of the following: (Gross Wages Year To Date from the Employee Summary window + the Year To Date totals for all benefits mark...
Much like Social Security taxes, Medicare taxes are also figured on a flat rate, which is 1.45% for employees. Box 7: Shows any tips that you reported. Box 8: Shows any allocated tips that your employer has figured attributable to you. These are considered as income. Box 9: Should be ...
The form shows how much money you earned from that employer during the year, which you can use in calculating your adjusted gross income, or AGI. The form also shows your tax withholdings for the year, including federal and state taxes. Essentially, the W-2 will give you a sense of how...
1 Run Date 02/09/2013 Run Time 17:37:04 Box 13 Box 08 Tips Retire Fund Report ID: TAX910AU W2 Rpt Company GBI Global Business Institute 9999 Federal EIN 99-4123456 PeopleSoft YE DATA AUDIT REPORT Tax Year 2012 Taxable Gross/ OASDI Gross/ Medicare Gross/ Advance EIC/ Nonqlfd Plans/ ...
which gives you a tax break. The taxable wages boxes on your annual W-2 form show only your wages from which taxes were deducted; this doesn’t apply to Section 125 contributions. If your employer has enrolled you in a S125 plan, they may notate this on box 14 of your W-2 ...
Your adjusted gross income for tax purposes equals your total taxable income reduced by any adjustments for which you qualify. Your taxable income includes not only income reported on a W-2, but also any other taxable income you earned during the year, such as any side jobs, other self-empl...
However, it does not appear that the S-Corp Insurance premium which I am trying to run in my payroll is being added to the direct deposit. Is there a clear answer here? Is there a means by which I can add the premium to the direct deposit (what I...
1 Run Date 02/09/2013 Run Time 17:37:04 Box 13 Box 08 Tips Retire Fund Report ID: TAX910AU W2 Rpt Company GBI Global Business Institute 9999 Federal EIN 99-4123456 PeopleSoft YE DATA AUDIT REPORT Tax Year 2012 Taxable Gross/ OASDI Gross/ Medicare Gross/ Advance EIC/ Nonqlfd Plans/ ...
1 Run Date 02/09/2013 Run Time 17:37:04 Box 13 Box 08 Tips Retire Fund Report ID: TAX910AU W2 Rpt Company GBI Global Business Institute 9999 Federal EIN 99-4123456 PeopleSoft YE DATA AUDIT REPORT Tax Year 2012 Taxable Gross/ OASDI Gross/ Medicare Gross/ Advance EIC/ Nonqlfd Plans/ ...
Box 12:Shows other types of compensation or reductions from taxable income and a single or double letter code for each. It might include contributions to a401(k) plan. Codes are detailed in theIRS' W-2 instructions. Box 13:This box has three sub-boxes designed to report pay not subject ...