Year-end Reconciliation Worksheet for Forms 941, W-2, and W-3
• Annual amounts from payroll records should match the total amounts reported on all Forms 941 for the year.
• Total amounts reported on all Forms 941 for the year should match the sum of the same data fields shown in W-2/W-3 totals.
• If these amounts do not match, recheck records and identify necessary adjustments.
a b c d e f (c-e)
Comparison Area 941 Line# Form 941
(all 4 quarters)
W-2, W-3
Box #
W-2s
(total of all forms)
Amount on
W-3
Difference
(col c minus col e)
Compensation Line 2 1
Federal Income Tax Line 3 2
Social Security Wages Line 5a Column 1 3
Social Security Tips Line 5b Column 1 7
Social Security Tax
Line 5a + 5b
Column 2
Social Security Tax Comparison
Computation
Line 5a + 5b x
(4.2/10.4)
4
Medicare Wages Line 5c Column 1 5
Medicare Tax Line 5c Column 2
Medicare Tax
Comparison Computation
Line 5c divided by 2 6
