Explanation of Amounts Reported on 2006 Form W-2 Box 1 - Federal Wages

Sep 19, 2026

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Explanation of how wages and tax amounts are reported on the 2006 Form W-2, with focus on Box 1 (Federal wages) and the components that make it up. Federal wages reflect gross wages from the 2006 calendar year plus miscellaneous income, reduced by pretax salary reductions such as insurance premiums, OPERS, deferred compensation contributions, and certain back pay items. Gross wages include base salary and overtime; miscellaneous income covers items like insurance waivers, cell phone benefits, awards, vehicle use benefits, mileage, OPERS refunds, and tuition benefits.

LanguageEnglish

CategoryGeneral

FormatPDF

Pages2

Reading Time1 min

AccessFree to download

Federal wage components (Box 1)

Gross wages

Miscellaneous income and pretax reductions

Income tax withheld (Box 2)

Social Security and Medicare (Boxes 3-6)

Deferred compensation and state/local tax (Boxes 12-20)

Explanation of Amounts Reported on 2006 Form W-2 Box 1 – Federal Wages The Federal Wage amount reported in Box 1 consists of gross wages (listed on your final pay stub for 2006) paid during calendar year 2006 plus miscellaneous income minus salary reductions for pretax insurance premiums, Ohio Public Employees Retirement System (OPERS), deferred compensation plan contributions, and Tax Def Back Pay PERS. Gross wages include base salary plus overtime. Miscellaneous income amounts include; health insurance waivers, cell phone benefits, awards, vehicle use benefits, excess mileage amounts, OPERS refunds, and tuition benefits. Box 2 – Income Tax Withheld The Federal Income Tax withheld that is reported in Box 2 is the sum of federal tax withheld from each paycheck issued in Calendar Year 2006. Boxes 3 & 4 – Social Security Wages and Social Security Taxes County employees contribute to OPERS and therefore do not have reportable wages to the Social Security Administration. Boxes 5 & 6 – Medicare Wages and Tax Withheld Medicare wages include gross wages plus miscellaneous income minus salary reductions for pretax insurance premiums. Unlike the Federal taxable wages, these wages are not reduced by salary reductions for retirement plan contributions. There is no maximum dollar limit for the Medicare wages. The Medicare tax reported in box 6 is withheld at a rate of 1.45% of the Medicare wages reported in Box 5. Employees hired prior to April 1, 1986 are not subject to Medicare tax. These employees will show zeros in boxes 5 and 6. On the 2006 W2 you will see a slight difference between what appeared on your last pay stub. This difference is the amount of Medicare taxes the County paid on your behalf due to the calculation error that occurred the first three pays of 2006. Boxes 12 & 13 The “Deferred Comp.” in Box 13 will be checked if you contribute to a Deferred Compensation plan. The amount contributed will be listed in Box 12 Boxes 16 & 17 – State Wage Base and Income Tax Withheld In the same manner as Federal taxable wages, Ohio taxable wages consist of gross wages plus miscellaneous income minus salary reductions for pretax insurance premiums, OPERS contributions and deferred compensation contributions. The State Income Tax shown in Box 17 is the sum of State Income Tax withheld from each paycheck paid during 2006. Boxes 18, 19 & 20– Local Taxable Wages, Taxes & Locality Name Local wages include gross wages plus miscellaneous income minus salary reductions for pretax insurance premiums. Unlike the Federal taxable wages, these wages are not reduced by salary reductions for retirement plan contributions. Local tax reported in Box 19 is withheld based on the locality’s rate. The locality for which you have paid tax is listed in Box 20. For those who are subject to taxation by more than one locality, additional W2 forms will be provided for each locality. School District Income Tax follows the State Wage calculation: gross wages plus miscellaneous income minus salary reductions for pretax insurance premiums, OPERS contributions and deferred compensation contributions. Tax Information available via the Web: Information about filing individual Federal and State tax returns, along with downloadable tax forms, instructions and publications, can be accessed via the Web at the following sites: • Federal Information and Forms (IRS ): [www.irs.gov](www.irs.gov) • State Information and Forms (OH): [http://tax.ohio.gov](http://tax.ohio.gov)

FAQs

What makes up the Federal wage amount reported in Box 1?

Box 1 includes gross wages paid during calendar year 2006 plus miscellaneous income, minus salary reductions for pretax items such as insurance premiums, OPERS, and deferred compensation contributions.

What does Box 2 report on the 2006 W-2?

Box 2 reports federal income tax withheld, calculated as the sum of federal tax withheld from each paycheck issued during calendar year 2006.

Why might Boxes 5 and 6 show zeros for some employees?

Employees hired prior to April 1, 1986 are not subject to Medicare tax, so they will show zeros in Boxes 5 and 6.

Sep 19, 2026

Upload by Rhys