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created by my guide lets understand w-2 boxes and w-2 tax codes the w-2 boxes and codes show the wages youve earned in any taxes paid through withholding box one shows your wages tips prizes and other compensation for the year box two shows the total federal income tax that was withheld from your paycheck for the year box three shows your wages subject to Social Security tax box four shows the amount of Social Security tax withheld from your paid box five shows your wages subject to Medicare tax box six shows the amount of Medicare tax withheld box seven any tipping coming reported to your employer box eight shows tipping come allocated to you by your employer box 10 this amount reports dependent care benefits provided under a dependent care program box 11 shows the amount distributed to you from your employers non-qualified compensation plan Don uncollected Social Security or rrt a tax on tips be uncollected medicare tax on tips include this tax on form 1040 see taxable cost of gro