On one of my W2's it shows that my social security wages is more than my wages, tips, other compensation is this correct?
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1 Best answer
Fern
New Member
May 31, 2019 10:52:26 PM
Your social security wages can be higher than your wages if you are making contributions to a 401k plan or have other items taken out of your check "pre-tax". You are paying social security tax on these items but not income tax.
1 Replies
Fern
New Member
May 31, 2019 10:52:26 PM
Your social security wages can be higher than your wages if you are making contributions to a 401k plan or have other items taken out of your check "pre-tax". You are paying social security tax on these items but not income tax.