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echo: quicken
to: ALL
from: JEDWARD KENDRICK
date: 1996-01-28 01:26:00
subject: W-2`s 401k and 457

Here's a question about QuickPay for a business that has a 457 program 
for retirement where elective salary deferrals are made.  QuickPay is 
set up to defer FWH, SWH and LWH.  Taxes are paid on FICA and MCARE. 
Line 1 of the W-2's is less than line 3 by the amount of the 457 
withholding.  Is this correct?
My own business is set up with a 401k program.  The amount on line 1 of 
the W-2 is MORE than the line 3 amount.  I don't understand why these 
two salary deferral systems result in different relationships between 
line 1 and line 3.  Is one of these set up incorrectly?
JEdward.Kendrick@sound.com
 * 1st 2.00m #2774 * To err is human.  To moo is bovine.
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