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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* Origin: Sound Advice - 24 Nodes (816)436-4516 (1:280/333)
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