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Is it possible to have higher federal wages than state wages on a W2?
On the first w2 received all the wage boxes were exactly the same. Federal, State, local, medicare, ssi, etc. My company has issued a correct w2 and it is only showing a correction to my federal medicare,ssi wages and that went up 30+ dollars. How is this possible?
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There could be any number of reasons, which include:
- typo when calculating the W-2 wage - last-second decision to add a reimbursement as taxable income - addition of life insurance as taxable wage - reimbursement of moving costs There are multiple other possibilities. This is a relatively SMALL amount of money added to your wage, but if you REALLY want to know, call your employer's payroll department and ASK! |
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