taxable wages
Income subject to taxation
Taxable wages are the portion of an employee's earnings subject to income tax, Social Security, Medicare, or other government withholdings.
The amount differs from gross pay because certain deductions—retirement contributions, health insurance premiums, flexible spending accounts—reduce what's taxable.
Her taxable wages were lower than her salary because of her 401(k) contributions.
- annual salaryCompensation per year
- salaryFixed periodic employment payment
- payroll softwareProgram managing employee compensation
- paycheck stubItemized earnings statement
- hourly payCompensation calculated per hour
earned income · retirement contributions · bonuses · tips · W-2 form · Form 1040 · severance pay · stock options · hazard pay · overtime pay · FICA · gross income · take-home pay · commissions · holiday pay · per diem · pay stubs · employer contributions
taxable wagestax-free income
Revenue without government deductions
pretax deductions · commuter benefits · educational assistance · unreported income · deferred compensation
taxable wagesunearned income
Gains without active work
investment income · capital gains · passive income · dividend income · interest income
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