darkoshi: (Default)
2011-02-26 09:08 pm

taxes - W2 income amounts

I was wondering why the "Wages, tips, other compensation" (box 1) amount on my W2 form did not match the "total earnings" amount on my final pay stub of the year. But I figured out how the Box 1 amount is calculated.
Box 1 amount = (Total Earnings + EGTL Amount) - (Pretax Salary Deductions)

The EGTL Amount is related to employee group term life insurance. This amount is shown on the pay stub in the earnings section, but is not added into the "Total Earnings" amount. It is not an amount paid to the employee, but it is considered a taxable fringe benefit.

The pretax salary deductions include amounts deducted from the paycheck for medical, dental, and vision, 401K plans, and health savings account (HSA). It does not include deductions for Pension, Long Term Disability plans, nor Medical-Retiree benefits.

.. [edited to add the following on 2011/12/22] ..

Box 3 and Box 5 = Social Security Wages / Medicare wages and tips
= (Total Earnings + EGTL Amount) - (Deductions for medical, dental, vision, and HSA)

For Box 3 & 5, 401k contributions are NOT subtracted.

Box 4 = Social security tax withheld = Box 3 * 6.02%

Box 6 = Medicare tax withheld = Box 5 * 1.45%

Amounts paid for Travel Expenses are NOT included in any of the amounts on the W2 form.

[edited to add additional details on 2016/01/06]
darkoshi: (Default)
2010-02-13 01:15 pm
Entry tags:

Gah!

I was intending to shred my scratch versions of this year's tax forms, and I fed the first sheet into the shredder without paying much attention. Then I looked at the pages in my hand, and realized I still had all 3 scratch sheets, and I started wondering what I had just shredded... It was my good copy of last year's submitted form! Oh, I'm so stupid!!! But I do at least still have photos I took of last year's forms... I take digital photos of important things before sending them off, so that later on if necessary, I can make sure I didn't fill out anything wrong, or send it to the wrong address, etc.
darkoshi: (Default)
2010-02-07 01:00 pm
Entry tags:

taxes and dogs

I've started filling out my tax forms. There's one part that always gets me... First of all, the instructions for line 10 say that you must either use the worksheet for calculating the value, *or* when certain conditions apply you must read some other publication to figure out the amount. So I spend some time deciphering the confusing conditions to determine that I need to do the worksheet. But then the worksheet makes me refer to Schedule A, so I start filling out Schedule A. Then Schedule A says to put down the value from line 38, and I think "wtf?? I'm still on line 10, I haven't gotten to line 38 yet!" Then I eventually realize that the worksheet was referring to the Schedule A values from last year's form.

.

I've got some videos to post. When life hands you a dog, make cute dog videos. Right?

It's hard to do yard work when Zorro is in the yard. She goes crazy when I start raking or sweeping. The first time I raked on the outside of the fence while she was in the yard, she starting screeching and barking from the other side of the fence, in a frenzy to get at the rake. She sounded like someone was beating her. Just now I was trying to sweep the walkway, and she did it again. She was wagging her tail though, so she must think it is some kind of game, or that the broom/rake is some kind of animal.

Last week one evening when Q and I got back from eating out, instead of one dog in the yard, there were two! My neighbor's little chihuahua-bulldog-mix puppy had gotten through a gap under the fence between our yards. That puppy must be about the same age as Zorro, and they've been playing a while, running back and forth on other sides of the dividing fence. But that evening, we couldn't tell if they were playing or fighting. It seemed quite rough, and Zorro seemed worn out. We were able to separate them until the neighbor came to retrieve their dog, and I put some bricks down to block the gap in the fence. I had been worried that the other dog might be male... Zorro's at an age now, about 5 months, where it might be possible for her to go into heat and get pregnant, but the vet wanted to wait until she was 6 months to spay her. I was relieved when the neighbor said the other dog was female too.
darkoshi: (Default)
2008-12-30 12:43 pm
Entry tags:

it's a wacky world

South Carolina's laws regarding whether or not sales & use taxes are charged for software and software renewals seem to be wacky. Well-thought out, perhaps, but wacky nevertheless.

This document explains in detail the sales tax rules for software. It all comes down to whether or not a "tangible" item such as a disk or magnetic tape is used.

If the software is transferred via a tangible item, regardless of whether the seller ships the item to the buyer, or whether the seller brings the tangible item to the seller's site and loads it onto the buyer's computer and then takes the tangible item back with them, then the tax applies.

But if the software is downloaded directly over the internet, then the tax does not apply.
Apparently, diskettes, laptops, and magnetic tapes are tangible, but the cabling making up the internet isn't. Isn't that a wacky kind of logic?


5. If software is sold and delivered by a “load and leave” method whereby the seller personally brings the software to the buyer’s location on a laptop computer, connects the laptop with the buyer’s computer with a cable in order to download the software into computer, and then disconnects the computers and takes the laptop with him when he leaves, is the sales transaction subject to the tax?
Yes. The sale of software delivered by a tangible means, the laptop computer, constitutes the sale of tangible personal property subject to the tax.
..

7. Is “canned” software sold and delivered by electronic means via a modem and telephone line from a remote location subject to the sales and use tax?
Software sold and delivered by electronic means via a modem and telephone from a remote location is not subject to the sales and use tax, provided no part of the software, including back-up diskettes and tapes, is delivered by tangible means.



Furthermore, #24 in the document says that if you originally purchased the software on diskette, then if you purchase a renewal via download, the renewal is taxable. But if you originally purchased the software as a download, then the renewal download is *not* taxable.
*WACKITY WACK* ::sspptt::

I wonder what the rules are regarding downloaded music purchases. Going by the above, I'd infer downloaded music isn't subject to tax either.
darkoshi: (Default)
2008-03-08 10:21 pm
Entry tags:

(no subject)

I was trying to finish up my taxes, but had to print another form.
My printer indicated it was out of black ink, and refused to print.
Suspecting that the black ink wasn't truly empty, I took it out, shook it, and put it back in.
The ink-out light went off and the printer printed, but without any black ink.
I ran the head-cleaning utility and tried again, but still no black ink.
Caving in, I went to Staples and bought a new ink cartridge.
I also disposed of my old keyboard and zip-drive to be recycled while I was there, hurrah!
Back home, I opened the new ink cartridge package and prepared to do the switch.
I did some more head-cleanings and test prints, trying to spur the ink-out light to come on again, since replacing the cartridge is tricky otherwise.
The black ink started working again, without me having replaced the cartridge.
Argh.
Fine.
At least I didn't pull the sticker off the top of the new cartridge yet.
darkoshi: (Default)
2008-03-02 10:35 pm
Entry tags:

(no subject)

Oh, and no I wasn't still procrastinating. But then, I never was. I got through my first draft of the federal taxes. Still need to go back and double check it, then do the SC taxes. But not tonight.
darkoshi: (Default)
2008-03-02 05:46 pm

(no subject)

An electric shock to my brain.
It seems like it would require something strong like that to break through to me, so that I could feel, really feel again.

Once in a very long while, an experience affects me like an electric shock - but it doesn't last.

I am so disillusioned with everything.

I spend all my time doing things that don't really bring me any great satisfaction or happiness, just things that seem like they need to be done, or things that I feel like doing.

The skin on my hands is dry. My hands seem to look so much older than they did a few years ago.

I am not procrastinating doing my taxes; truly, I'm not. I just keep thinking of other things to do first. Surely I can still get them done tonight and still do my daily exercises too, and get to bed on time. Right?

I've started back up doing my daily exercises regularly. It's been about 2 or 3 weeks now. But my legs are still not flexible like they used to be, and I seem to have strained something in my right leg.

Screwing in light bulbs isn't all that easy. No really, I'm not procrastinating. I wanted to write that since yesterday.

The Chinese preserved plums actually taste pretty good. The Watermelon Frost Tea, I haven't tried yet... apparently watermelon frost is some white stuff (fungi?) that grows on watermelon rinds when the watermelon has been filled with Gluer/Glaubers? salt and buried in ceramic pots. The Chinese seem to have a culinary penchant for burying food and digging it up again... It must have been like a form of alchemy.

I am backing up the data on my hard-drive. I keep temporary files sometimes, and I was going through them, seeing which ones could be deleted. Old posts, emails, chats. Some of the more meaningful/affecting ones, I keep around a long time, even though surely I've archived them in my regular backup folders too. But reading one of them brought this post on.

I wanted to let the files copy to the flash drive, while doing my taxes. I had already started doing that this morning, but ran out of space on the flash drive, daggonit, because the files took more physical space on the flash than they did on the hard-drive.
darkoshi: (Default)
2008-02-16 11:19 pm

(no subject)

The day seemed to go by very fast today. I was going to try to recover a home video from a corrupt DVD, but it turned out I had the wrong DVD. I put a makeshift drawer-stop on a drawer which didn't have one, then put some more pipe-sleeves on the water pipes in the basement, then replaced a few fluorescent light tubes in the garage. And by then, it was already dark outside.

Now, I am having acid reflux from dinner... I guess it was too acidic, or what else would cause that? I don't usually get reflux, even from acidic foods. But I got it yesterday too after eating the same thing... I guess I will have to throw the rest of it (baba ganouj) out, even though it tastes good.

I am downloading tax forms. 4 years ago... I was doing taxes
in january
.