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1 lut 2022 · Box 4: Social Security Tax Withheld; This is the total amount you paid to the FEDERAL government for social security tax (your employer matches this amount). The 2021 tax rate is 6.2% and only applies to the first $142,800. Box 5: Medicare Wage and Tips
Box 4 — Shows the amount of Social Security tax withheld from your pay. Box 5 — Shows your wages subject to Medicare tax. The amount, which also may not be the same as the amount reported in W-2 Box 1, might be required on Form 8959, Additional Medicare Tax, if your income is high enough.
24 sie 2011 · Box 4: Social security tax withheld – This box reports the total amount of Social Security tax that was withheld from the employee’s paychecks during the year, including Social Security tax on tips. The Social Security tax has a flat rate of 6.2% of wages, up to a maximum taxable amount of $132,900.
8 maj 2024 · W-2 Box 4: Social Security tax withheld Box 4 reports how much you withheld from an employee’s Social Security wages and tips. The employee portion of Social Security tax is 6.2% of their wages, up to the SS wage base.
10 lut 2023 · Since you should not have more Social Security withholding than the maximum wage base times 6.2%, the amount in box 4 should not exceed $9,114 for 2022.
4 lis 2024 · In this article, we’ll go through the form box-by-box, to explain how to fill out W-2 forms so that you’re better equipped to navigate questions if they come up and verify that the form is completed correctly.
1 wrz 2022 · Employers, learn how to gather information and prepare W-2 year-end tax report forms for your employees, including due dates and filing tips.
