Payroll Update: How to Read Your Paycheck Compared to Your 2012 W-2 Posted: January 16, 2013 This document has been created in order to assist employees in understanding how their final Electronic Pay Stub (E-Pay Stub) compares to your 2012 W-2. Employee’s E-Pay Stub and Electronic W-2 are available through Employee Self Service (ESS). W-2 Boxes 3 and 5 are calculated the same way as Box 1 except do not subtract anything for Deferred Comp *Exempt Wages – HSA Employer contribution and Non-taxable reimbursements **Deferred Comp – 403b and 457b contributions W-2 Box 12 “E” – YTD 403b W-2 Box 12 “C” – YTD Group Term Life HSA is new for 2012 W-2 Box 12 “W” – YTD HSA Employee and Employer contributions combined Form 8889 required to file ***Sec 125 – all pre-tax deductions less Deferred Comp W-2 Boxes 2, 4, 6, 17, and 19 – Taxes Withheld YTD Gross includes all earnings – taxable and non-taxable W-2 Box 1 – FIT Taxable Wages YTD FIT taxable wages (W-2 Box 1 amount) is calculated by looking at “YTD Gross” less “Exempt Wages*” less “Deferred Comp**” less “Sec 125***” amounts on the paycheck. S:\Payroll\Documentation Master\Payroll Intranet\Local Docs\How To Read Your Paycheck Compared to Your W-2 1-16-13.doc