Scotts W2 hasnt come yet (a problem we had last year). I am trying to use his final paycheck to plug some rough #s into TaxCut software.
Is this correct?
Pretend his base salary is 30000. Pretend 2000 was taken out for 401K. The # in box 1 (wages tips etc) will be 28,000 and the # in box 5 (medicare wages etc) will be the actual base, 30,000. Plus the taxes YTD are FED, FED FICA and FED MED....these will all be added together to be tax withheld. Is this correct? (enough to give me rough # untl we can order a new W2???)