Is box 1 on the W2 supposed to be gross wages less ANY pretax deductions? Or just 401k? Specifically, are pre-tax medical insurance premiums taken out?
0110301
1 Replies
Tonita
Level 2
Jun 1, 2019 6:25:18 AM
In box 1 of the Form W-2, your company reports the total taxable wages. This number excludes any pretax deductions from an employee's pay
because they do not count as income for federal income taxes.