WebApr 14, 2024 · Lawmakers recently introduced a bill that would immediately raise the exempt salary threshold for so-called “white-collar” workers to $45,000 a year. The proposed … WebFeb 12, 2016 · The other mystery on your W-2 is why your Social Security wages differ from your actual pay. If you earned less than $118,500 in 2015, expect your Box 1 wages to be less than Box 3 and 5 wages, says Wang, since you can shelter more of your earnings from federal taxes than you can Social Security and Medicare taxes.
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