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Why is box 1 amount way higher than payroll if no benefits were being taken out? Even with taxes added to payroll it’s still too much
The company I work for was bought out by another company last year. My old employer paid my salary for January and 1 paycheck in February. When I got my W-2 from that short period, box 1 seems to be much higher than what I actually made. No benefits were coming out at that time - only taxes were withheld. But when I add every up I’m still coming out way under what is reported on my W-2. How does that work?
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March 25, 2021
7:18 AM