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    4 Replies Latest reply on Mar 20, 2008 11:10 AM by LUCKIEST

    W-2, pay periods and pre tax deductions

    Excellent Adventurer
      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?