Trying to figure out how to calculate amount owed to Employer for W-2C. FICA was not withheld due to employer error and now a W-2C has been generated. Previously reported info on incorrect W-2 was 20,646.82 for SS and Medicare Wages, $1280.10 for SS tax withheld and $299.38 for Medicare tax withheld.
Correct (W-2C) information is 118,191.97 SS and Medicare wages, 7327.90 for SS tax withheld, and 1713.78 for Medicare tax withheld.
What is owed to the employer now?
Thanks so much!
