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scrubs
New Member

Should the wages reported on W2 be my Gross income or gross minus deductions (which is what mine shows)? Should box 12a be deductions + taxes taken out or not?

 
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3 Replies

Should the wages reported on W2 be my Gross income or gross minus deductions (which is what mine shows)? Should box 12a be deductions + taxes taken out or not?

It is your gross income MINUS any TAX-EXEMPT fringe benefits.  Some fringe benefits will reduce Box 1 of your W-2, some reduce Boxes 1, 3 and 5 of your W-2, some don't reduce them at all.  It all depends on the type of fringe benefit.
Anonymous
Not applicable

Should the wages reported on W2 be my Gross income or gross minus deductions (which is what mine shows)? Should box 12a be deductions + taxes taken out or not?

box 1 should reflect any allowable deductions in box 12.  not everything in box 12 is a deduction against taxable wages in box 1.    

Should the wages reported on W2 be my Gross income or gross minus deductions (which is what mine shows)? Should box 12a be deductions + taxes taken out or not?

your gross wages federal is reduced by the amount of your 401k contribution by the payroll dept. That amount will be listed as a box 12 item.
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