tajcc
Nov 10 2006, 07:55 AM
Can someone tell me if Box 5 on the Form W-2 includes Section 125 deferrals?
Thank you!
Leopurrd
Nov 10 2006, 09:01 AM
Nope. If you're looking for gross comp for plan purposes, you'll need to request that from the plan sponsor. They probably have a payroll report they can pull.
tajcc
Nov 10 2006, 09:23 AM
So the box 5 does not include the Section 125 wages - they will need to add the box 5 and Section 125 wages correct?
Thank you.
JanetM
Nov 10 2006, 10:02 AM
Yes, you add medicare wages to section 125 to get gross. What are you trying to get from W-2?
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