Yes. As indicated by DavidF1006, you must add a line to Box 14 to show the compensation. When added to the W-2, then it flows properly in a test return.
This allows TurboTax to review the appropriate calculations for the Tier I and II withholding.
- Tier II is limited to $118,800 in wages ($118,800 x .049 = $5821.20)
- Tier I is not limited and full wages are taxed at .0765, which again is almost exactly matching your withholding.
The amount shown as 'MED' is not the 'additional Medicare tax' since you have not gone over the wage threshold of $200,000 in 2023. If you would like to update and provide information about that specific entry we are here to assist.
@Port53
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