Step 2: Enter federal income and tax information Next, let’s move to the numbered boxes. In the first 15 boxes, you’ll be focusing on filling in all related federal income and tax information. Here’s a quick rundown: Box 1: Wages, tips, and other compensation ...
Box E shows the employee’s first name, middle initial, and last name. Reference the employee’s SSN to enter their name correctly. Enter the employee’s address in Box F. W-2 Box 1: Wages, tips, other compensation Box 1 reports an employee’s wages, tips, and other compensation. Thi...
Wages,tips,other compensation 3 45 B9999999.99 02 VI income tax withheld 3 63 B9999999.99 03 Social Security wages 5 45 B9999999.99 04 Social Security tax withheld 5 63 B9999999.99 05 Medicare wages and tips 7 45 B9999999.99 06 Medicare tax withheld 7 63 B9999999.99 07 Social Security tips ...
Calculating Your AGI To calculate your AGI, start with the amount shown in Box 1 of your W-2, labeled "Wages, Tips, Other Compensation." Then, add any other taxable income you have for the year to calculate your total taxable income. Often, this income will be reported to you on anoth...
A detailed record of an employee’s current salary is a pay stub. It contains all earnings, hourly wages or salary, overtime, tips, and commissions for a single pay period, as well as all current and year-to-date taxes, Federal income tax, and income tax withholdings. ...
wages paid to the employee and taxes withheld during the year, such as Social Security tax, federal income tax and Medicare tax. It also includes other compensation received, such as tips and bonuses. While the employer doesn't typically pay the tips, the employer's customers pay them to ...
Wages,tips,other compensation 3 45 B9999999.99 02 VI income tax withheld 3 63 B9999999.99 03 Social Security wages 5 45 B9999999.99 04 Social Security tax withheld 5 63 B9999999.99 05 Medicare wages and tips 7 45 B9999999.99 06 Medicare tax withheld 7 63 B9999999.99 07 Social Security tips ...
Wages,tips,other compensation 3 45 B9999999.99 02 VI income tax withheld 3 63 B9999999.99 03 Social Security wages 5 45 B9999999.99 04 Social Security tax withheld 5 63 B9999999.99 05 Medicare wages and tips 7 45 B9999999.99 06 Medicare tax withheld 7 63 B9999999.99 07 Social Security tips ...
Wages,tips,other compensation 3 45 B9999999.99 02 VI income tax withheld 3 63 B9999999.99 03 Social Security wages 5 45 B9999999.99 04 Social Security tax withheld 5 63 B9999999.99 05 Medicare wages and tips 7 45 B9999999.99 06 Medicare tax withheld 7 63 B9999999.99 07 Social Security tips ...
Wages,tips,other compensation 3 45 B9999999.99 02 VI income tax withheld 3 63 B9999999.99 03 Social Security wages 5 45 B9999999.99 04 Social Security tax withheld 5 63 B9999999.99 05 Medicare wages and tips 7 45 B9999999.99 06 Medicare tax withheld 7 63 B9999999.99 07 Social Security tips ...