What Is The Difference Between Social Security Wages And Wages Tips And Other Compensation? [Solved]
Hello, iam Thomas Burns, I hope your day goes well. What Is The Difference Between Social Security Wages And Wages Tips And Other Compensation? [Solved] Box 1 (Wages, Tips and Other Compensation) represents the amount of compensation taxable for federal income tax purposes while box 3 (Social Security Wages) represents the portion taxable for social security purposes and box 5 (Medicare Wages) represents the portion taxable for Medicare tax purposes....