As per my LCA, Prevailing Wages is 98K, Actual wages is 108K.
As per my W2, Box 1 - my wages is 102K and Box 12/Benefits is 8K (Insurance Premium paid by the employer for my me and my family).
My question is, Can I say my wages/Annual Income is 102K or 110K (Box 1 + Box12 -Benefits)?, Please advise.
Use the information in Box 1. The information in box 12 is for your information, but do not include it in wages.
Ms. Willi is a tax attorney, CPA, and Ohio-Certified Specialist in Estate Planning, Trust & Probate Law, with offices in Westerville, Ohio. She serves client families and private business owners throughout Ohio. Ms. Willi responds to Avvo questions as a public service to help educate and provide general guidance to questioners, but her responses are not legal advice and do not create an attorney-client relationship. Her posts are provided for informational purposes only and are not a substitute for advice provided by an attorney or licensed tax professional. Her phone number is 614-890-0500 and her website is www.willilaw.com.
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