Posted on January 22, 2013

Quick Reference Guide for the Paycor W-2

Box 8
Allocated tips that are not included in boxes 1, 3, 5 or 7.

Box 10
Total dependent care benefits that the employer paid or incurred on the employee’s behalf (including amounts from a Section 125 cafeteria plan). Any amount over $5,000 is also included in box 1,3 and 5.

Box 12
Some deferrals listed in this box may be subject to limits.

Code C - Taxable cost of group-term life insurance over $50,000. Included in boxes 1, 3 (up to social security wage base), and 5.

Code D - Elective deferrals to a section 401(k) cash or deferred arrangement. Also includes deferrals under a SIMPLE retirement account that is part of a section 401(k) arrangement.

Code P - Excludable moving expense reimbursements paid directly to employee. Not included in boxes 1, 3 or 5.

Code W - Employer and employee contributions to employee’s Health Savings Accounts.

Code AA - Designated Roth contributions under a section 401(k) plan.

Code BB - Designated Roth contributions under a section 403(b) plan.

Code DD - Cost of employer-sponsored health coverage. The amount reported is not taxable.

For more information about Form W-2, visit www.irs.gov.