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January 21st, 2012 at 11:23 am

Looked at my W2 and it's matched up with my pay stub, I'm short about $1000 for the year. Now I'm going to the account department but was wondering how can I calculate to make sure the correct amount is being received and deducted?

5 Responses to “Help!”

  1. monkeymama Says:

    First, good for you for looking at your pay stub versus W-2! (I've been convinced over the years that no one even looks at their W-2 versus pay stub. Though to be fair, I am sure it is greek to most).

    Box 5 should really be your real wages for the year (medicare wages). But, that would be lowered by some sorts of benefits. Did you put $1000 into some sort benefit plan? OR are you saying they added $1000 to your W-2? Again, could be correct if you are taxed on some benefit that your employer provides.

  2. monkeymama Says:

    I think I need more info to help you - or more clarification - you can e-mail me if you want. Just let me know (comment here) if you do because I pretty much never check my e-mail.

  3. veronak Says:

    Basically my total income is less than what my yearly salary should be. For example, my salary for the year, I should have grossed $40,000 but box 1 shows $38,000 for the year. Monkey momma thank you, please send me an email to veronak@hotmail.com and I will respond. I don't know how to look up email addresses on this site.

  4. mjrube94 Says:

    Did you contribute to a 401(k) or something else that comes out pretax? If so, box 1 would be less than what your true salary is...

  5. veronak Says:

    Yes Mj, thanks. MonkeyMama helped me figure it out. I was sweating bullets because my employer I hate to say it, are little crooks and there has been problems in the past. I'm hoping that the Feds come in and audit the books

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