CPP Exam W-2 Box 12 Codes Flashcards

1
Q

Box 12 Code A

A

Uncollected SS or RRTA tax on tips

“All Aboard”

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2
Q

Box 12 Code B

A

Uncollected Medicare tax on tips

“Busboys need tips too”

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3
Q

Box 12 Code C

A

Taxable Cost of GTL over $50k

“Casket”

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4
Q

Box 12 Code D

A

401(k) Retirements

“can retire and go to Disneyland”

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5
Q

Box 12 Code E

A

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”

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6
Q

Box 12 Code F

A

Section 408(k)(6) Salary reduction Simplified Employee Pension plan

“Frank gets a pension”

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7
Q

Box 12 Code G

A

457(b) Deferred compensation plan for government employees or tax exempt organizations

“Government”

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8
Q

Box 12 Code H

A

501(c) Deferrals to a tax exempt organization plan - pension plans created before 1959

“Happy Days”

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9
Q

Box 12 Code J

A

Non-taxable Sick pay - 3rd party sick pay payments

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10
Q

Box 12 Code K

A

Golden parachute payments

“24 Karat”

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11
Q

Box 12 Code L

A

Substantiated EE business expense reimbursements

“buying Lots of supplies”

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12
Q

Box 12 Code M

A

Uncollected SS or RRTA on GTL over $50k

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13
Q

Box 12 Code N

A

Uncollected Medicare or RRTA on GTL over $50k

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14
Q

Box 12 Code P

A

Excludable Moving expense reimbursements

“Pack up”

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15
Q

Box 12 Code Q

A

Non-taxable combat pay for military employers

“Quarrel”

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16
Q

Box 12 Code R

A

Archer Medical Savings Account

“aRcher”

17
Q

Box 12 Code S

A

SIMPLE Retirement plan

“Simple”

18
Q

Box 12 Code T

A

Adoption Assistance

“Toddlers or Teens”

19
Q

Box 12 Code V

A

Income from exercise of non statutory stock options

“Vested”

20
Q

Box 12 Code W

A

Health Savings Account contributions

“in case I need a Walker”

21
Q

Box 12 Code Y

A

Section 409(a) deferrals - earnings on current and prior year deferrals

22
Q

Box 12 Code Z

A

Section 409(a) - Income on 409A nonqualified deferred compensation plan

23
Q

Box 12 Code AA

A

Designated Roth contributions to a 401(k) plan

24
Q

Box 12 Code BB

A

Designated Roth contributions to a 403(b) plan

25
Q

Box 12 Code DD

A

Cost of Employer sponsored health coverage

26
Q

Box 12 Code EE

A

Designated Roth contributions under a government 457(b) plan