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Business & farm
So, on my W2, what number do I put in Box '16' (State wages, tips, etc.)? Should it match Box 1 of my W2, or Boxes 3 and 5?
I pay myself a salary of $42,000, I am doing $19,000 elective deferral and $6,000 employer profit sharing. I put $25,000 in my Solo 401K.
- Box 1 = $23,000
- Boxes 3 and 5 = $42,000
- Box 12 = code D, $19,000
- Box 16 = ??????????
March 21, 2020
7:34 AM