W-2 Form Maintenance - Field Descriptions
Select New, or choose a record and then select Edit, and then use this table for reference when completing the fields in the W-2 Form window.
Fields | Descriptions |
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Entity | This field only displays if cost centers are being used and entity tracking is also enabled in the current company. After entering or selecting an Entity, a list of all employees currently receiving a W-2 will be shown on the main screen for tax review purposes, and cost center security prevents editing employee W-2s that the operator does not have authorization to access. |
Employee code | Enter the code of the employee whose W-2 information is to be modified, or double-click on this field to select from a list of available employee codes. |
Form # | If an employee works in more than two states or local jurisdictions, an extra W-2 is created (no Federal dollars will display on the extra W-2). In that case, the number entered here (form number) indicates which additional form is being viewed. Employees working in three or four states would receive one extra W-2 form, employees working in five or six states would receive two extra W-2 forms, and so forth. |
b. Employer's identification # | The employer's Federal ID number displays, as set up in the US Income Tax Table. No entry is allowed. If entity tracking is enabled in Enterprise Installation, then the Payer tax ID number assigned to the US tax code displays. |
d. Employee's social security # | The employee's social security number displays. If a number is entered, do not type the hyphens; they will be automatically inserted by the system. |
e. Employee's name and address | The employee's name and mailing address display. Press Enter to accept them; otherwise enter the desired changes. Enter the alternate/additional name or legal representative, if applicable. Spectrum searches for suffixes Jr, Sr, II, and III, with or without a period at the end (these are the only suffixes recognized by Spectrum). |
Foreign Address button | Select to open the Foreign Address window. If applicable, add or edit this employee's foreign address. |
1. Wages, tips, other comp | The wages, tips, and other Federal income tax applicable compensation to be reported displays. |
2. FIT withheld | The federal income tax withheld displays. |
3. Social security wages | The social security wages to be reported displays. |
4. SS tax withheld | The amount of social security tax to be withheld displays. |
5. Medicare wages, tips | The Medicare wages and tips to be reported display. If the amount is zero, leave this field blank. This field must be left blank if the type of employment is RRTA. The amount in this field must equal or exceed the combined entries of Boxes 3 and 7. |
6. Medicare tax withheld | The Medicare tax withheld displays. When the amount is zero, leave this field blank. The amount entered cannot exceed 1.45% of the amount entered in Box 5. This field must be left blank if Box 5 is blank or if the employment type is RRTA. |
7. Social security tips | The social security tips to be reported display. This field must be blank if the type of employment is MQGE or RRTA. The value in this field cannot be greater than the amount in Box 3. If this field contains a value, then Boxes 4 and 12 must contain amounts with the alpha code "A" and Box 5 must contain an entry. |
8. Allocated tips | The Medicare wages and tips to be reported display. If the amount is zero, leave this field blank. This field must be left blank if the type of employment is RRTA. The amount in this field must equal or exceed the combined entries of Boxes 3 and 7. |
9. | Not used. |
10. Depend care benefits | The amount for dependent care displays. When the amount is zero, leave this field blank. |
11. Nonqualified plans | This value must be in dollars and cents and cannot be a negative amount. If this amount only represents a section 457 plan distribution, the amount must be preceded by the alpha code G and contain at least one blank space. Only one entry is permitted. |
12a - d. 401k and other codes | The 401(k) dollar amount displays. To the left of the 401(k) amount is the alpha code for Box 13 amounts. Use code D for 401(k) amounts. A window is available at the alpha code field for use in recording two additional Box 13 amounts; for example, Group Life Insurance (Code C).
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13. Statutory employee? Retirement plan? Third-party sick pay? | Select the checkboxes that apply to the current employee.
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14. Other | The type, code, dollar amount, and description of the deductions display in this window. |
The following fields are NOT required by the Social Security Administration. | |
15. St State ID No | The state abbreviation displays. Information for two states can display. If an employee works in more than two states, an extra W-2 is needed (no Federal dollars will display on the extra W-2). The cursor will move through the information for the first state, then advance down one line and move through the information for the second state. The employer's state ID displays, as set up in the Tax Table Maintenance screen. |
16. St wages | The wages and tips to be reported for this state display. |
17. State tax | The amount withheld for state income tax displays. Repeat income tax, wages/tips, and name for a second state, if applicable. |
18. Loc wages | The wages and tips to be reported display. |
19. Local tax | The amount withheld for local income tax displays. |
20. Locality and Code | The locality name and code display. |