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Contrast this with the amount for code "D" in box 12 (your 401(k) contribution). It is not taxable for purposes of federal income tax, but it is taxable for purposes of social security tax and Medicare tax, hence you see the difference between box 1 and boxes 3 & 5.
Contrast this with the amount for code "D" in box 12 (your 401(k) contribution). It is not taxable for purposes of federal income tax, but it is taxable for purposes of social security tax and Medicare tax, hence you see the difference between box 1 and boxes 3 & 5.
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