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Is Wages Tips And Other Compensation? [Solved]

Box 1 “Wages, tips, other compensation”: This is federal, taxable income for payments in the calendar year. The amount is calculated as YTD earnings minus pre- tax retirement and pre-tax benefit deductions plus taxable benefits (i.e., certain educational benefits).

Wages, Tips & Other Compensation

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Tax Form 941 - Line 2 - Wages, Tips and Other Comp - Video

Video on How to Complete IRS Tax Form 941 - Line 2.

Compensation Other Than Salary and Wages

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