Hello davidsimshomes:
The answer to your question is "yes." If you are reporting taxable wage income in Box 1 (federal) of your W-2, then those same wages are taxable as well by the state in which they were earned. Thus, you would want to input those wages in Box 16 of your W-2 as well. The only exception to this would be if your S-Corp "employed" you in multiple states, in which case you could have more than one state applicable in W-2 Boxes 15, 16, and 17 -- subject to the mathematical constraint that the sum of Boxes 16 (states) should "add up" to Box 1 (federal) of the W-2.
Regards.
