|
QUESTION: |
The amount
that shows as wages in Box 1 of the W-2 is not my salary. |
|
ANSWER: |
Your salary
is based on a fiscal year (July 1 - June 30); however, W-2
Wages are based on a calendar year (January 1 - December
31). |
|
QUESTION: |
The wages in
Box 1 of the W-2 are different from the gross earnings on my
check stub. |
|
ANSWER: |
The gross
wages on the check stub are all earnings
accumulated during the calendar year. Wages on the W-2
show only those earnings that are subject to federal income
tax, therefore, tax-free deductions such as Tax Shelter
Annuities or 401(k) benefits are not included. |
