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G overnment C ompensation in C alifornia (GCC) Program

G overnment C ompensation in C alifornia (GCC) Program. Hitomi Sekine Local Government Reporting Section Division of Accounting and Reporting. www.publicpay.ca.gov. www.publicpay.ca.gov. www.publicpay.ca.gov. Today’s Topics. 1)Total Wages Box 5 vs. Gross Wages 2 ) New Developments.

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G overnment C ompensation in C alifornia (GCC) Program

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  1. Government Compensation in California (GCC) Program HitomiSekine Local Government Reporting Section Division of Accounting and Reporting

  2. www.publicpay.ca.gov

  3. www.publicpay.ca.gov

  4. www.publicpay.ca.gov

  5. Today’s Topics 1)Total Wages Box 5 vs. Gross Wages 2) New Developments

  6. What is the basis for total wages? Box 5 on W-2: Total wages subject to Medicare taxes

  7. Details of a position

  8. Amount in Box 5 on W-2 Medicare Wages Add Taxable Employer Paid Benefits Examples: • Car allowance • Meeting stipends • Additional pay, including incentive, bonus, retention, bilingual pay • Achievement awards • Nonqualified Deferred compensation (Per IRC Section 409A)

  9. Amount in Box 5 on W-2 Medicare Wages Subtract applicable “Before Tax Deductions”: Examples: • Medical reimbursement deduction • Dependent care reimbursement deduction

  10. Administrative Issues June 30th FY End Due Date - October 18th • GCC (2012) • FTR (FY 2012-13) • FTR Pilot ProgramNewer version of MS Access

  11. GCC Contact Information HitomiSekine, Manager: (916) 322-3881 Matthew Harada, Analyst: (916) 324-5975 E-mail: GCCsupport@sco.ca.gov

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