Question

Which box on the 2016 Form W-2 is correctly matched with its use?

A. Box 10--Nonqualified plans
B. Box 12 (Code L)--GTL insurance over $50,000.00
C. Box 12 (Code J)--Nontaxable sick pay
D. Box 15--Medicare tax withheld

Answer 1

Box 10 on the 2016 Form W-2 is correctly matched with its use: Nonqualified plans.

Step-by-step explanation:

The correct match for the box on the 2016 Form W-2 is:

A. Box 10--Nonqualified plans

Box 10 on the Form W-2 is used to report any amounts distributed or deferred from a nonqualified plan or a Section 457(b) plan. Nonqualified plans are usually employer-sponsored retirement plans that do not meet the requirements of a qualified plan under the Internal Revenue Code.