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My husbands W-2 1. Wages (1.) list 51682.84 and his (3.) and (6.) amounts are higher 52198.47. Also his last check stub of 2016 lists YTD Earnings as 58111.55.
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My husbands W-2 1. Wages (1.) list 51682.84 and his (3.) and (6.) amounts are higher 52198.47. Also his last check stub of 2016 lists YTD Earnings as 58111.55.
Your husband is putting some money in Retirement accounts, possible medical flex accounts, or other types of accounts that are reducing the wages being taxed (box 1 of the W-2).
Look at the W-2, and in box 12 is where most of these should be. The big one is probably a code "D" a 401K plan, which is excellent to do, as it saves for retirement and also reduces taxes paid now.
Post a comment if there is a code you are not sure about. Thank you.
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My husbands W-2 1. Wages (1.) list 51682.84 and his (3.) and (6.) amounts are higher 52198.47. Also his last check stub of 2016 lists YTD Earnings as 58111.55.
Your husband is putting some money in Retirement accounts, possible medical flex accounts, or other types of accounts that are reducing the wages being taxed (box 1 of the W-2).
Look at the W-2, and in box 12 is where most of these should be. The big one is probably a code "D" a 401K plan, which is excellent to do, as it saves for retirement and also reduces taxes paid now.
Post a comment if there is a code you are not sure about. Thank you.
- Mark as New
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My husbands W-2 1. Wages (1.) list 51682.84 and his (3.) and (6.) amounts are higher 52198.47. Also his last check stub of 2016 lists YTD Earnings as 58111.55.
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