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Sirsubalot Sirsubalot is offline
 
Joined: Jan 2016
Posts: 713
Senior Member

Sirsubalot
 
Joined: Jan 2016
Posts: 713
Senior Member
Question about tax statement.
Old 01-19-2021, 03:40 PM
 
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I got my tax statement for all three of my districts today, and I am wondering how the " Medicare wages and tips" section enters into the calculation.

I went through my work history for one district and I calculated that I earned $6403 since January 1st 2020. They have me earning $6487.54, which is close.

But when adding in the Medicare wages and tips, my total income comes out to $7228.50.

I thought that the Medicare and wages was part of our income that was deducted, but it is recorded as additional income that we are taxed on.

Is this supposed to be income recorded beyond what we earn that we are taxed on, or did the district report inaccurate information to the IRS?


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