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G overnment C ompensation in C alifornia (GCC) Program. Hitomi Sekine Local Government Reporting Section Division of Accounting and Reporting. www.publicpay.ca.gov. www.publicpay.ca.gov. www.publicpay.ca.gov. Today’s Topics. 1)Total Wages Box 5 vs. Gross Wages 2 ) New Developments.

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G overnment c ompensation in c alifornia gcc program

Government Compensation in California (GCC) Program

HitomiSekine

Local Government Reporting Section

Division of Accounting and Reporting





Today s topics
Today’s Topics

1)Total Wages Box 5

vs.

Gross Wages

2) New Developments


What is the basis for total wages
What is the basis for total wages?

Box 5 on W-2:

Total wages subject to Medicare taxes



Amount in box 5 on w 2 medicare wages
Amount in Box 5 on W-2 Medicare Wages

Add Taxable Employer Paid Benefits

Examples:

  • Car allowance

  • Meeting stipends

  • Additional pay, including incentive, bonus, retention, bilingual pay

  • Achievement awards

  • Nonqualified Deferred compensation (Per IRC Section 409A)


Amount in box 5 on w 2 medicare wages1
Amount in Box 5 on W-2 Medicare Wages

Subtract applicable “Before Tax Deductions”:

Examples:

  • Medical reimbursement deduction

  • Dependent care reimbursement deduction


Administrative issues
Administrative Issues

June 30th FY End

Due Date - October 18th

  • GCC (2012)

  • FTR (FY 2012-13)

  • FTR Pilot ProgramNewer version of MS Access


Gcc contact information

GCC Contact Information

HitomiSekine, Manager: (916) 322-3881

Matthew Harada, Analyst: (916) 324-5975

E-mail: [email protected]


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