CPP Exam W-2 Box 12 Codes Flashcards
Box 12 Code A
Uncollected SS or RRTA tax on tips
“All Aboard”
Box 12 Code B
Uncollected Medicare tax on tips
“Busboys need tips too”
Box 12 Code C
Taxable Cost of GTL over $50k
“Casket”
Box 12 Code D
401(k) Retirements
“can retire and go to Disneyland”
Box 12 Code E
Section 403(b) contributions - salary reduction agreement. Can be purchased by public schools and tax exempt charitable, religious and educational organizations. Catch-up Contributions.
“Education or Elect a school President”
Box 12 Code F
Section 408(k)(6) Salary reduction Simplified Employee Pension plan
“Frank gets a pension”
Box 12 Code G
457(b) Deferred compensation plan for government employees or tax exempt organizations
“Government”
Box 12 Code H
501(c) Deferrals to a tax exempt organization plan - pension plans created before 1959
“Happy Days”
Box 12 Code J
Non-taxable Sick pay - 3rd party sick pay payments
Box 12 Code K
Golden parachute payments
“24 Karat”
Box 12 Code L
Substantiated EE business expense reimbursements
“buying Lots of supplies”
Box 12 Code M
Uncollected SS or RRTA on GTL over $50k
Box 12 Code N
Uncollected Medicare or RRTA on GTL over $50k
Box 12 Code P
Excludable Moving expense reimbursements
“Pack up”
Box 12 Code Q
Non-taxable combat pay for military employers
“Quarrel”
Box 12 Code R
Archer Medical Savings Account
“aRcher”
Box 12 Code S
SIMPLE Retirement plan
“Simple”
Box 12 Code T
Adoption Assistance
“Toddlers or Teens”
Box 12 Code V
Income from exercise of non statutory stock options
“Vested”
Box 12 Code W
Health Savings Account contributions
“in case I need a Walker”
Box 12 Code Y
Section 409(a) deferrals - earnings on current and prior year deferrals
Box 12 Code Z
Section 409(a) - Income on 409A nonqualified deferred compensation plan
Box 12 Code AA
Designated Roth contributions to a 401(k) plan
Box 12 Code BB
Designated Roth contributions to a 403(b) plan
