My salary is say for example 50.000 on my last check and my gross income on my w2 (before deductions) is lower.
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Most likely, some of your payroll deductions are pre-tax and reduce your taxable income, such as health insurance premiums, retirement contributions, FSA, HSA, and a few others. You would have to ask your payroll department for the exact answer that applies to you.
Most likely, some of your payroll deductions are pre-tax and reduce your taxable income, such as health insurance premiums, retirement contributions, FSA, HSA, and a few others. You would have to ask your payroll department for the exact answer that applies to you.
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