That is a reconciliation telling you how they get from your gross income, to the amount that is reported in Box 1 of your W-2. The first two items (Cost of Group Term Life Insurance and 401(k) deferrals) should be in Box 12 of your W-2. The next two items (your Flexible Spending Account - FSA, and Cafateria Plan) are things that are deducted pretax from your gross income, but are items on your W-2 that need to be entered on your tax return. Subtracting those four pre-tax deductions from your gross income gets you to your Wages/Income in Box 1 of your W-2. You should enter the items in numbered boxes on your W-2 in the W-2 entry in TurboTax. Other items are informational and don't need to be entered.
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