Federal Tax Withholdings

by Travis
(WA)

Example: Pastor Salary is $12,000 for the year. He has elected through W-4 to have $200 federal taxes withheld per month. So will box 1 of W-2 read 9600 and box 2 read 2400?

Comments for Federal Tax Withholdings

Click here to add your own comments

Feb 11, 2014

W-2--Box 1
by: Anonymous in NC

If Box 1 says total earnings then in this case, total earnings = $12,000.

Click here to add your own comments

Join in and write your own page! It's easy to do. How? Simply click here to return to Minister's W-2.

Need a Consultation, help setting up an effective Accounting System, or someone to do your monthly bookkeeping?

Recommended Resource!

Online classes/courses on how to use QuickBooks for a church!

Click here for more details!

Use coupon code "FCA" for 10% discount!