What is the amount of wages on this W-2?




a Control number
22222\multicolumn{3}{|c|}{Safe, accurate, FAST! Use}Visit the IRS website at www.irs.gov/efile.

\multicolumn{3}{|l|}{\begin{tabular}[t]{l}
b Employer identification number (EIN)

10-44444444444
} & \multicolumn{2}{|c|}{

1 Wages, tips, other compensation

\$45,890.00
} &


2 Federal income tax withheld

\$4599.00
\\

\hline \multicolumn{3}{|c|}{\multirow[t]{3}{}{

c Employer's name, address, and ZIP code

Meridith's Cosmetics

777 Any Street

Anytown, Anystate 00000
}} &


3 Social security wages

\$45,890.00
& \multicolumn{2}{|r|}{

4 Social security tax withheld

\$2340.00
} \\

\hline & & &


5 Medicare wages and tips

\$45,890.00
& \multicolumn{2}{|c|}{

6 Medicare tax withheld

\$1171.00
} \\

\hline & & & 7 Social security tips & \multicolumn{2}{|c|}{8 Allocated tips} \\

\hline \multicolumn{3}{|l|}{

d Employee's social security number

555-55-5555
} & 9 Advance EIC payment & \multicolumn{2}{|c|}{10 Dependent care benefits} \\

\hline \multicolumn{3}{|l|}{\multirow[t]{4}{
}{

e Employee's first name and initial, Last name

Susan M Cary

111 Any Street

Anytown, Anystate 00000

f Employee's address and ZIP code
}} &


11 Nonqualified plans

13 Statutory retirement plan third-party sick pay
& \multicolumn{2}{|c|}{

12a See instructions for box 12

12b
} \\

\hline & & & 14 Other & \multicolumn{2}{|c|}{

12c

12d
} \\

\hline & & & & \multicolumn{2}{|c|}{} \\

\hline & & &


15 State Employer's state ID number

Any

16 State wages, tips, etc.

\$45,890.00
&


17 State income tax

\$2294.00
&


18 Local wages, tips, etc.

\$45,890.00
\\

\hline \multicolumn{3}{|c|}{} & & &


19 Local income tax

\$256.00
\\

\hline

\end{tabular}



Form W-2: Wage and Tax Statement

Copy B—To Be Filed With Employee's FEDERAL Tax Return.

This information is being furnished to the Internal Revenue Service.

Department of the Treasury—Internal Revenue Service

Verified Answer :

  • Locate the row in the table labeled with "Box Number" 1.
  • Identify that "Box 1" corresponds to the "Wages, tips, other compensation" category.
  • Read the amount listed for this box in the table.
  • The amount of wages is \(\boxed{\$45,890.00}\).

Explanation

  1. Analysis of the W-2 Table

The problem provides a table representing a portion of a W-2 form, which documents an employee's earnings. We are asked to determine the amount of "Wages, tips, other compensation."

Looking at the table, we observe:

  • The first column, "Box Number," contains the value "1".
  • The second column, "Description," contains the text "Wages, tips, other compensation."
  • Below these headers, the value \(\$45,890.00\) is provided, which corresponds to the data defined for Box 1.
  1. Identifying the Wage Amount

To find the wage amount, we identify the row where the Box Number is 1, which identifies the wages, tips, and other compensation. The table directly specifies this amount as \(\$45,890.00\). Therefore, the amount of wages is \(\$45,890.00\).

Examples

Understanding how to read tax forms like a W-2 is a practical life skill. Knowing where to locate your total wages is essential when preparing your annual tax return, as this figure is used to calculate your taxable income and determines whether you owe taxes or are entitled to a refund. Being able to quickly extract this information helps in managing personal finances and ensures accuracy during the filing process.