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What Does Wages Tips Other Compensation Mean On W-2? [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).
Understanding W2
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What’s a W2 Form - W2 explained
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