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Social Security and Medicare wages (boxes 3 and 5) are less than my wages - Why?

Posted on 2/2/17 at 7:17 pm
Posted by StringedInstruments
Member since Oct 2013
19252 posts
Posted on 2/2/17 at 7:17 pm
So from a job I worked at a university as a graduate student, my boxes show the following:

Box 1 ~14000
Box 3 ~5300
Box 5 ~5300

I was a little confused by this and definitely got more confused when my wife's boxes 3 and 5 were higher than her box 1.

I looked it up and found that boxes 3 and 5 are typically more than box 1 unless you have an income of $118k, which we are far from making combined.

Any idea why this would be the case?
Posted by LSUFanHouston
NOLA
Member since Jul 2009
38097 posts
Posted on 2/2/17 at 7:19 pm to
Certain earnings while a grad student working at a university are exempt from FICA tax.
This post was edited on 2/2/17 at 7:20 pm
Posted by StringedInstruments
Member since Oct 2013
19252 posts
Posted on 2/2/17 at 7:23 pm to
quote:


Certain earnings while a grad student working at a university are exempt from FICA tax.



Awesome. I figured it had something to do with being a student but wasn't sure.
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