"tdawg64" <tdawg64[at]discussions.microsoft.com> wrote in message
news:C1234D7B-F7B5-4770-A79A-E53524E19107[at]microsoft.com...
- quote -

I don't understand why that's a problem. Box 1 on your W-2 is the difference
between gross pay and deductions before taxes.

If you want to see gross pay, look at the Income and Spending report.
Customize it to include only your employer as a payee, and only the
categories that you recorded on your paycheck.
--
Chris Cowles
Gainesville, FL

Let me add that "figuring out the amounts in the [categories] correctly" is
also a matter of interpretation. My stubs list Gross and Federal Gross
(Gross-Pre Tax Benefits-Pre Tax 401k+Imputed Income). This is why I
suggested what I suggested in the earlier post: It lets you get category
totals for the pieces it takes to do this equation for your case. Even with
the BT Transfers, you still had $1500 in Wages. The distinction is that not
all of them are taxable.

"tdawg64" <tdawg64[at]discussions.microsoft.com> wrote in message
news:C1234D7B-F7B5-4770-A79A-E53524E19107[at]microsoft.com...
- quote -

You have to take this into account when looking at Money category totals.
Money Tax Estimator figures this out by subtracting the total of the BT tab
from the first entry category on the Wages tab. It's just the way Money
works. One workaround is to have something like:

Wages & Salary: Reg Earnings 800.00
Wages & Salary: Deferred 457b 50.00
Wages & Salary: Deferred Retirement 50.00
Wages & Salary: Nontaxable Fringe Benefits 100.00

Here's an example. I hope it's readable.

Wages Tab
Wages & Salary: Reg Earnings 1000.00
Wages & Salary: Overtime 500.00
Total Wages: 1500.00

Deductions Before Taxes Tab
Healthcare 100.00
Transfer To: 457b Acct 50.00
Transfer To: Retirement Acct 50.00
Total Deductions Before Taxes: 200.00

Taxes Tab
Taxes: Federal 50.00
Taxes: State 10.00
Taxes: FICA 10.00
Total Taxes: 70.00

Deductions After Taxes Tab
Transfer To: Credit Union 50.00
Total Deductions After Taxes: 50.00

Paycheck total: $1180.00

Then I purchase mutual fund shares from the 457b and retirement acct. All
is fine except those two amounts do not show up on my W2. Instead of $1500
in wages, I would only have $1400 (1500 minus the two $50 transfers before
taxes). I can have Money do one or the other (total my wages correctly or
reflect the amounts in the accounts correctly). I can't figure out how to do
both.

Thanks for you time.


"Chris Cowles" wrote:

- quote -

Are you paying for state retirement plan/deferred comp or is your employer?
My guess is that they are not deductions from your salary, but are noted on
your stub as paid by employer. I suspect the your deferred comp is some
variation of a cash balance pension plan or 401K match.
If employer paid outside of salary, you should set up direct deposits to
cash accounts of those tax free accounts. You could also raise your gross
salary by those amounts, but that would screw up your social security/FICA
calculations.

"tdawg64" <tdawg64[at]discussions.microsoft.com> wrote in message
news:FA73D4F3-CB6F-4703-8AE8-E89D4C1B2EAA[at]microsoft.com...
- quote -

"tdawg64" <tdawg64[at]discussions.microsoft.com> wrote in message
news:FA73D4F3-CB6F-4703-8AE8-E89D4C1B2EAA[at]microsoft.com...
- quote -

Please post a simple example as an outline, using bogus numbers. Provide the
result you're getting, and what you're expecting.

Example

Gross income: 1000
BT-state retirement 100
BT-health care 100
BT-deferred comp 100
TX-FIT:100
TX-FICA:6
TX-MCARE:4
AT-United Way:10

Net 580
Taxable 700
Expecting taxable 800

I hope I can explain my problem, here goes. I've set up my paycheck so it
matches my pay stub exactly. I have 3 pretax categories, one is for health
care coverage, one is for a state retirement plan and the the last is for a
deferred comp account. I show all three in the Deductions Before Taxes tab.
I transfer the money from my paycheck to the retirement account and deferred
comp account and do investment transactions from those two accounts. The
only problem is, is that those two accounts also reduce my gross income.
When I run my tax reports, my taxable income is off by the amount of those
two accounts. Thanks.