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posted Jun 1, 2019 6:25:17 AM

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?

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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.