Le Moyne College Office of Payroll

Instructions for W2 Calculation - 2006

1. Take your gross Year to Date wages per your final paystub. (For full year employees they will be dated 12/29/06– staff, 12/31/06– Administrators/Faculty).
2. If there is an amount for Group Term Life at Box 12 item C on your W2 add this to the amount above.
3. Subtract from this amount the Year to Date totals for all retirement savings per your pay stub on Echo. This will then give you your Federal and State taxable wages.

To access an excel spreadsheet that will help you with this calculation please follow this link.

For details of the benefit codes, please see the benefit explanation popup. If you have any further questions please contact the Payroll Office on ex. 4360.