Pastor W2 and Housing allowance
OK, long post. Our Pastor makes 35k annually. Has 15k in housing allowance. We withheld no federal or state tax. We withheld his portion of SST (4.2% for 2012) and reported in box 4. We withheld his portion of Medicare (1.45%) and reported in box 6.
So his W2 that I filed looks like this
Box 1 35k
Box 2 0.00
Box 3 35k
Box 4 1470
Box 5 35k
Box 6 508
Box 7-12d 0.00
Box 13 Statutory Employee Checked
Box 14 15k
Is this correct? I have already issued the W2 and done the W3. Do I need to do a W2c and W3c? If so, what should it look like? Also, can you cite where your info is coming from?