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Why Is Box 1 On My W-2 Less Than My Salary? [Solved]
Box 1: Wages, Tips, and Other Compensation These wages include tips, bonuses, commissions, and salaries. This part of Form W-2 doesn’t include amounts given to retirement plans or other payroll deductions. Because it subtracts other deductions, it’s often less than the amounts shown in Boxes 2 and 3.
Payroll Query #2: Why Box 1(FIT wages), 3(SS Wages), 5(Medicare Wages) of W2 don’t match?
In this Video series,
How To Calculate W-2 Wages From Pay Stub?
This video shows you the process of calculating your
Should I Claim Exempt from Withholding
Do you owe back taxes to the IRS or State?⚠️⚠️ One of the fastest ways to rack up tax debt is to claim exempt from …
