Dmertz,
Does this mean that we can use box 3 instead of box 1 to calculate the max S-Corp Employer contribution (25% of salary) to a 401(k)? That is good news since box 3 is a bigger number than box 1. I just haven't been able to find out yet which W2 box to use for determining my maximum contribution (as sole owner/employee of my S-Corp).
Thanks!
