| Box 1: | These are your earnings/wages minus all of your pre-tax deductions. If you contributed on a tax-deferred basis to retirement or had any pre-tax benefits, this will not match your year-to-date earnings on your final paycheck. |
| Box 2: | This is how much
federal income tax was withheld from your paychecks
throughout the year and should match "Federal
Withholding Tax" on your final 2011 paycheck. |
| Box 3: | These are your
wages that are subject to Social Security tax. This
is generally your wages minus all of your pre-tax
benefits (except retirement) up to a maximum of
$106,800. If you made more than $106,800 or had any
pre-tax benefits, this will not match your
year-to-date earnings on your final 2011 paycheck. |
| Box 4: | This is how much
Social Security tax was withheld from your paycheck
and should match "Social Security" on your final
2011 paycheck. |
| Box 5: | These are your wages that are subject to Medicare taxes. This is generally your wages minus all of your pre-tax benefits (except retirement/Def Compensation deduction). There is no limit on the amount taxed for Medicare. If you had any pre-tax benefits this will not match your year-to-date earnings on your final paycheck. |
| Box 6: | This is how much Medicare tax was withheld from your paycheck and should match "Medicare"
on your final 2011 paycheck. |
| Box 10: | This is the
amount that you contributed to the flexible spending
account for dependent care (daycare). It should
match the "dependent care reimbursement" amount on
your final 2011 check. |
| Box 12C: | Cost of group term life insurance over $50,000, included in boxes 1, 3, 5, and 16. |
| Box 12G: | This is how much
you contributed to your 457b retirement plan on a
tax-deferred basis and should match your pre-tax
457(b) contributions on your final 2011 paycheck. |
| Box 15: | This shows that state to whom we submitted state income tax (normally Maryland.) |
| Box 16: | This shows your state taxable wages. This should match Box 1. |
| Box 17: | This shows how
much state income tax was withheld. It should match
your state and local tax withholding on your final
2011 paycheck. |
Seniors
