Webinar: Step 3F. Pay code transaction report, Box 12 codes (02m07s)

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• Box 12 Codes List

  This is a list of the codes and code descriptions for filling in Box 12 on the W-2 Form. For additional information, go to irs.gov to download the General Instructions for Forms W-2 and W-3. A Uncollected social security or RRTA tax on tips. B ...

• Webinar: Step 2A-D. Verify pay code information (12m28s)

  Carefully review the information stored in the Pay Codes table. The application uses the pay codes stored in the Pay Code table to calculate employee and employer amounts on quarterly reports, annual reports, W-2s, and so on. [More] In this webinar, ...

• 2a. Verify pay code rates and limits

  Start by reviewing the rates and limits for the employee and employer portions on the Social Security and Medicare pay codes that the Payroll application will use to calculate amounts to close the payroll year. And then, review the rates and limits ...

• 2b. Verify ID numbers for federal and state pay codes

  Before you prepare the W-2 forms for your employees, you should verify that the correct identification numbers for the federal employer ID number and state tax ID number have been defined in the system. The Government Reporting application will use ...

• 2c. Review the subject to pay codes

  Payroll Year-end Checklist If you have pay codes that are subject to or exempt from tax, follow these steps to verify that the pay codes that are subject to Social Security, Medicare, Federal Withholding Tax, and State Withholding Tax have the tax ...