How are Medicare wages calculated in box 5? It’s always been higher than box 1 which is my gross income. Deductions are life insurance, vision, dental post tax, wage garnishment, pension, long term disability.
Hi, I am trying to convert my last paycheck sub of last year to a W2 and I can’t figure out how to calculate Medicare wages. I just want to compare it with the one I have to see if it’s correct.
How are the Medicare wages calculated? I know it’s never been the same as box 1 which was my total wages of the year. Social security has always been zero.
How are the Medicare wages calculated? I know it’s never been the same as box 1 which was my total wages of the year. Social security has always been zero.