WAGES, TIPS AND OTHER COMPENSATION - Quarter-to-date amounts appear on line 2 of Form 941.
- Employee-level year-to-date amounts appear in Box 1 of Form W-2.
- The total year-to-date amount for the company (Federal Employer Identification Number) will appear in Box 1 of Form W-3.
Balancing Tip: The sum of line 2 for the four quarters on Form 941 should balance to the amount appearing in Box 1 of Form W-3.  SOCIAL SECURITY WAGES - Quarter-to-date amounts appear on line 6a of Form 941.
- Employee-level year-to-date amounts appear in Box 3 of Form W-2.
- The total year-to-date amount for the company (Federal Employer Identification Number) will appear in Box 3 of Form W-3.
Balancing Tip: The sum of line 6a for the four quarters on Form 941 should balance to the amount appearing in Box 3 of Form W-3. SOCIAL SECURITY TIPS - Quarter-to-date amounts appear on line 6c of Form 941.
- Employee-level year-to-date amounts appear in Box 7 of Form W-2.
- The total year-to-date amount for the company (Federal Employer Identification Number) will appear in Box 7 of Form W-3.
Balancing Tip: The sum of line 6c for the four quarters on Form 941 should balance to the amount appearing in Box 7 of Form W-3. MEDICARE WAGES AND TIPS - Quarter-to-date amounts appear on line 7a of Form 941.
- Employee-level year-to-date amounts appear in Box 5 of Form W-2.
- The total year-to-date amount for the company (Federal Employer Identification Number) will appear in Box 5 of Form W-3.
Balancing Tip: The sum of line 7a for the four quarters on Form 941 should balance to the amount appearing in Box 5 of Form W-3. |