I am attempting to enter employee wages expense and am confused by the note "The amount you enter must match box 1 on your form W-3 for 2022."
None of the amounts in box 1, 3 or 5 of our W3 match the gross wages we actually paid to employees. The amounts differ by exactly the amount of employee pre-tax deductions for their AFLAC supplemental insurance. For example, gross wages $100,000. Employee pre-tax deductions $5000. Boxes 1, 3 and 5 of the W3 all register $95,000. There is no employer contribution to this plan, so we are not deducting any health insurnace expenses anywhere else in the business return.
If we follow the instructions and enter W3, Box 1 numbers it seems that the business is forfeiting $5000 woth of legitimate business expenses.
Given that W2's and the W3 primarily serve to document taxable income for the employee, Is it appropriate in this case to disregard the note in the software and enter $100,000 as employee wages?
Please advise. Thanks
