As a practical matter, entering $1 for box 1 will enable you to e-file, without any tax consequences.
On its face, that W-2 is reporting income that is subject to Social Security and Medicare tax but not federal income tax. In addition, the income that is not subject to federal income tax is subject to state income tax. Ideally you should understand why you got that W-2, and will need to contact you employer for that explanation.
Also, make sure it is a W-2 form, and not a W-2C. A W-2C reports only the boxes on the original W-2 that need to be corrected.
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