Preparing a W-2 for Pastors

Enter Pastor’s Social Security #

123-45-6789

Enter Employer’s E.I.N. #

51-1111111123-45-6789

Enter Employer’s Name and Address

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

Control Number is optional

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Enter Pastor’s Name and Address

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

How to calculate Box 1

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

?????????

1. Begin with Total Comp=

2. Subtract “Before-Tax” Pension= $1,200

3. Subtract “Furn Allow”= $2,000

4. Subtract “Pastor Contribution to Health Insurance= $1,212 (see health/dental coupon)

5. Subtract Pastor’s HSA $2,500 Contribution or FSA Contributions (Health and Dependent) and FSA Adm (see health/dental coupon)

6. Add Excess Life Premium $72

7. Total Taxable= $33,570

SAMPLE ONLY

$40,410

Enter Pastor’s Taxable Compensation

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33,570

Enter any Federal Tax withheld per Pastor’s W-4, or Blank if no w/h

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570 4232

For Pastors, Boxes 3,4,5,6 Leave BlankBoxes 7-9 and 11 normally not applicable

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570 4232

Complete Box 10 only if Pastor chose FSA Dependent Care

(for parents with children under 13-see health/dental coupon)

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570 4232

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570

Box 12 – Codes C, E, W (Other codes, if applicable, are located on back of W-2)

4232

Begin with Total Comp= $40,410Subtract “Before-Tax”

Pension= $1,200

Subtract “Furn Allow”= $2,000Subtract “Pastor Contribution

to Health Insurance= $1212 (see health/dental coupon)

Subtract Pastor’s HSA $2,500 Contribution or FSA Contributions (Health and Dependent) and FSA Adm (see health/dental coupon)

Add Excess Life Premium $72Total Taxable Income= $33,570

CODE “C”

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570

Box 12 – Codes C, E, W

C 72

4232

Begin with Total Comp= $40,410

Subtract “Before-Tax”

Pension= $1200

Subtract “Furn Allow”= $2,000Subtract “Pastor Contribution

to Health Insurance= $1212 (see health/dental coupon)

Subtract Pastor’s HSA $2500 Contribution or FSA

Contributions (Health and Dependent) and FSA Adm

(see health/dental coupon)Add Excess Life Premium $72Total Taxable Income= $33,570

CODE “E”

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570

Box 12 – Codes C, E, W

C 72E 1200

4232

Begin with Total Comp= $40,410Subtract “Before-Tax”

Pension=

$1200 Subtract “Furn Allow”= $2,000Subtract “Pastor Contribution

to Health Insurance= $1212 (see health/dental coupon)

Subtract Pastor’s HSA $2,500 Contribution or FSA

Contributions (Health and Dependent) and FSA Adm

(see health/dental coupon)Add Excess Life Premium $72Total Taxable Income= $33,570

Important Note

Box 12 W is for persons in HSA only: The amount includes pastor’s contribution (i.e. $2,500) plus employer’s contribution.

In December, a letter will be mailed to the pastor providing the amount of the Employer’s Contribution. (Treasurers should ask Pastor for the letter)

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570

Box 12 – Codes C, E, W

C 72E 1200W 4900

4232

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570

Mark Box 13 if participating in CRSP (Pastor’s pension plan)

C 72E 1200W 4900

X

4232

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570

Box 14 is optional – Information Box Only

C 72E 1200W 4900

X

4232

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570

Box 15 – State and ID# where salary earned (ID# is located on State Transmittal Form)

C 72E 1200W 4900

X

DE 1-5111111-001

4232

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570

Box 16 – Normally the same as Box 1

C 72E 1200W 4900

X

DE 1-5111111-001 33570

4232

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570

Box 17 – State Tax W/H per Pastor’s Request

C 72E 1200W 4900

X

DE 1-51111111-001 33570 250

4232

51-1111111123-45-6789

Romans United Methodist Church 1500 Damascus Road Corinth, Delaware 19901

(optional)

Joseph M. Porter 13 Wesley Road Asbury, DE 19900

33570

Box 18, 19, 20 – Complete if Pastor requested local taxes W/H

C 72E 1200W 4900

X

DE 1-5111111-001 33570 250

4232