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aliaricam3
Jan 10, 2008, 10:08 AM
Hello All, Does any one know the difference between medicare wages and Social security wages vs total wages? ( on w-2 form)

AtlantaTaxExpert
Jan 10, 2008, 12:00 PM
On most W-2s, they are the same amount.

However, employee contributions to either a Flexible Spending Account or to a 401K/403B pension plan may reduce the wage figure in Block #1.

These contributions have NO EFFECT on the Block #3 (social security wages) or Block #5 (medicare wages) figure.

There CAN BE other factors, but the case noted above is the most common reason why Block #1 differs from Blocks #3/5.

MukatA
Jan 11, 2008, 02:59 AM
If the total wages exceed $97,500 (for 2007), then there will be difference in #3 and #5.

AtlantaTaxExpert
Jan 11, 2008, 12:08 PM
Agreed!

miskyd82
Mar 6, 2009, 05:36 PM
Medicare wages are the gross wages less the health and dental deductions. Taxable wages are gross wages less health dental 401/457 PERS and other retirement deductions. Not sure what social security wages are... social security wages are not always the same as medicare.