Employment Income to put in Healthcare insurance marketplace (Gross or Federal Taxable wage?)
What do I put in employment income? I'm a little confuse. Do i Put down the gross income of $1500 or do I put down the federal taxable wages after making 401K contributions?
My work ended and now out of the job. I had a 6 month work contract which just ended last week. I was getting paid weekly. I was putting away about $650 per week give or take towards my 401k.
I was making on average 1500 a week for 6 months. I was paying approximately $110 in health/dental/vision per week.and putting away approximately $650 a week from that $1500 towards my 401k.
So my FIT taxable wages in my paystub shows anywhere $720 to $740 per week.Do i put the income I make of $1500 per week or the Federal taxable income of $720 to 740?
Here is my quick paystub pay summary and what it says:
Pay summaryGross $1500
FIT taxable wages $720
Taxes 184.75
Deductions $787.18 (Health/vision/dental $110 and 401k : $677.18)
any advice is appreciated.
submitted by /u/SakuraKoyo
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