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Every year around tax time this question arises:

Why are my taxable wages different than what is shown on my last pay stub for the year?

The last paystub of the year shows a form of gross wages, but gross wages and taxable wages are not necessariy the same thing. To help explain the calculation that happens we have prepared an easy to follow PDF document linked below which outlines the steps you can follow to arrive at your taxable wages for tax filing purposes.

Taxable Income Explanation Document (Adobe Acrobat Required)