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4 Replies Last post: Mar 20, 2008 11:10 AM by LUCKIEST

W-2, pay periods and pre tax deductions

Mar 19, 2008 1:43 PM

Excellent 46 posts since
Oct 12, 2007

I have a 401K and a health insurance deduction (cafeteria plan) which comes off the gross amount earned, so when I receive my W-2 the "wages, tips, other compensation" is roughly $4000 less than the actual gross amount. We're on a 24 pay period cycle. What happens when the last two deductions of the year don't, according to payroll reports, make it on the books until the following year making it 22 pay periods. Does that have any effect? What happens to those pre tax deductions?

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dublincpa 165 posts since
Jan 29, 2008

1. Re: W-2, pay periods and pre tax deductions Mar 19, 2008 5:03 PM

I am not real clear on what is happening here. On what books do they not appear until next year?

W-2s are driven by the paycheck date, not the dates worked. Did they delay pay checks? Did they screw up and not take the deductions from your pay for two periods?

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LUCKIEST 7,926 posts since
Aug 6, 2007

2. Re: W-2, pay periods and pre tax deductions Mar 19, 2008 5:17 PM

This is your second post about 24 and 26 week pay periods.
You have a 401K and a health insurance deduction (cafeteria plan) which comes off the gross amount earned
However you are NOT giving us enough info to give you good answers.
Tell us more. How large a company do you work for (like # of employees)??
How long have you worked at this company??
Is there an Accounting Deptartment or Payroll Dept that can help with answers??
The more info you share, the better our answers.
Thanks, LUCKIEST

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Excellent 46 posts since
Oct 12, 2007

3. Re: W-2, pay periods and pre tax deductions Mar 20, 2008 10:54 AM

in response to: dublincpa

I'm not clear on it either. I'm just trying to understand what's happening. Yes, paychecks are delayed 2 weeks. As far as I can see, from my check stub, the deductions were taken.

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LUCKIEST 7,926 posts since
Aug 6, 2007

4. Re: W-2, pay periods and pre tax deductions Mar 20, 2008 11:10 AM

in response to: Excellent

*Y*ou are NOT giving us enough info to give you good answers.
Tell us more. How large a company do you work for (like # of employees)??
How long have you worked at this company??
Is there an Accounting Deptartment or Payroll Dept that can help with answers??
The more info you share, the better our answers.

Report as inappropriate

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ForumsTaxes and Payroll

This Question is Possibly Answered

W-2, pay periods and pre tax deductions

Mar 19, 2008 1:43 PM

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