Why the W-2 does not match
the last paystub.
Sample CCS W-2
Amount of Gross Pay taxed for
Income Tax Withholding purposes.
Amount of Gross Pay taxed for
Social Security & Medicare
Withholding purposes.
These 2 numbers may or may not
be the same number. It all depends
on your specific tax situation and
what type of pre-tax deductions, if
any, and if you have required
contributions to the NC Teachers &
State Employees Retirement
System (Box 14 of the W-2).
Sample December Paystub
Deductions included in Gross Pay and not
taxed for Income Tax Withholding purposes
except for Life Insurance. Consult Payroll if
you are unsure of your pre-tax deductions.
Your Total Gross Pay
for the year.
Retirement Contribution is not taxed for
income tax, Social Security, & Medicaid
Withholding purposes. It should be 6%
of your Gross Pay.
Calculation on how the W-2 matches the December Paystub
Gross Pay for the December Paystub:
Subtract Pre-Tax Deductions:
- CBP (Flex accounts)
- Dental Insurance Premiums
- Vision Insurance Premiums
- Health Insurance Premiums *
= Box 3 & Box 5 of Form W-2
Subtract Pre-tax Retirement Contributions
- 6% of Gross Pay (65,649.92 x .06) **
= Box 1 of Form W-2
$ 65,649.92
( 900.00)
( 801.36)
( 230.64)
(6,340.28)
$ 57,377.64
(3,939.00)
$ 53,438.64
NOTES FOR 2009:
* - 2009 Year-To-Date Amount = May 2009 Paystub YTD + December 2009 Paystub
YTD because of the change in the State Health Plan.
** - Difference in Retirement Amount on W-2 & December Paystub vs. the 6%
calculation is because of the .5% pay reduction mandated by the Governor. Full
Retirement Contributions had to be made as if there was no pay reduction. In this
example, the amount is $19.50 to match $3,958.50 shown on the W-2 & paystub.