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ksukyle
Feb 6, 2008, 11:27 AM
Are Wages (box 1), Social Security Wages (box 3), and Medicare Wages (box 5) generally the same number when completing a W2?

MukatA
Feb 8, 2008, 11:17 AM
In most of the cases, yes. If a employee has income more than $97,500, then the box 3 income is $97,000 and box 1 and 5 income will be more than $97,500.

AtlantaTaxExpert
Feb 13, 2008, 12:06 PM
There can also be adjustments for 401K contributions and Flexible Spending Account withholdings in the Box #1 figure.