MGC94
Level 7
2 weeks ago
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Client has a W2 with the following in box 14:
12TT 1,835.45
From what I can tell, this is a code for overtime compensation (Up until now, I have only seen OT, not TT).
He also has overtime rates of 1.5 times his normal pay for "Holiday Worked" $2,644 YTD, and "Sunday Pay" $8,178 YTD.
Has anyone seen anything like this yet? I don't see why the amount in Box 14 doesn't seem to match up as a 50% premium with the total YTD overtime, or even any combination of the OT/Holiday/Sunday pay totals. From my understanding, the extra pay on holiday/overtime shouldn't count toward the deduction anyway, unless some of those hours were worked when he was over 40 hours that week, but the stub doesn't give that kind of detail.
Thanks in advance for any help.
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