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Hitomi Sekine Local Government Reporting Section Division of Accounting and Reporting.

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Presentation on theme: "Hitomi Sekine Local Government Reporting Section Division of Accounting and Reporting."— Presentation transcript:

1 Hitomi Sekine Local Government Reporting Section Division of Accounting and Reporting

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5 1)Total Wages Box 5 vs. Gross Wages 2) New Developments

6 Box 5 on W-2: Total wages subject to Medicare taxes

7 Details of a position

8 Add Taxable Employer Paid Benefits Examples:  Car allowance  Meeting stipends  Additional pay, including incentive, bonus, retention, bilingual pay  Achievement awards  Nonqualified Deferred compensation (Per IRC Section 409A)

9 Subtract applicable “Before Tax Deductions”: Examples:  Medical reimbursement deduction  Dependent care reimbursement deduction

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11 June 30 th FY End Due Date - October 18 th  GCC (2012)  FTR (FY )  FTR Pilot Program Newer version of MS Access

12 Hitomi Sekine, Manager: (916) Matthew Harada, Analyst: (916)


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