Originally Posted by
Phuz
Anyone looked at 2016 w2 yet? My box 1/3/5 figures are substantially lower than my "gross compensation" on the final paystub from dec 31. The difference between box 3/5 and my final stub is almost exactly my retro pay amount. Curious if this is to be expected?
I just looked at mine, the difference between Box 1 and my final paystub for 2016, is exactly my extra 401(k) contribution. Try subtract box 12b, code D from your final 2016 pay, probably equals Box 1.
Box 2, is the 2016 FICA contribution limit ($118,500) because I made more than that. They don't collect any FICA above that. Box 5 matches my final 2016 paystub exactly.