W2 wrong

Forum|Forum|1 year ago
March 1, 2025
3 replies
20 views

If box 1 $43070.07

box2 $1969.75

box3 $43070.07

box4. $2670.34

box5. $43070.07

Box6. $624.52

I feel like they did my w2 wrong and I need other opinions

xmasbaby0

Level 15

https://turbotax.intuit.com/tax-tips/irs-tax-forms/what-is-a-w-2-form/L6VJbqWl5

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**

AnnetteB6

Level 15

Boxes 1, 3, and 5 show your wages. Sometimes these are the same number, sometimes they are different if you have had pre-tax money withheld from your paychecks. In your case, since all three boxes are the same that indicates that there were no pre-tax withholdings.

Box 2 shows the amount of Federal income tax withheld from your paychecks. This number is based on the W-4 that you filled out when you were hired and the withholding tables that determine how much the employer should withhold.

Box 4 shows the amount of Social Security tax that was withheld from your paychecks. This amount is 6.2% of the amount shown in box 3. Based on that calculation, box 4 is correct.

Box 6 shows the amount of Medicare tax that was withheld from your paychecks. This amount is 1.45% of the amount shown in box 5. Based on that calculation, box 6 is correct.

The information shared by xmasbaby0 may answer more of your questions about other items reported on your W-2.

@Mymy2526

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