Originally Posted by
doug555
Exactly!
Except that Line 21 amount will ALWAYS be greater than the Line 7 amount, and will ALWAYS be a NEGATIVE amount (to reduce the presumption of FRN-usage amount thereof). And this should ALWAYS make Line 22 ("Net Income") NEGATIVE also.
This is because the derivative transactions involving the Social Security and Medicare contributions/tax are always added to the primary transaction of the Gross Wages (Line 7), because they also were PRESUMED to be denominated in FRNs - the default national currency!
That is, unless the Employer has made a LMD for all transactions on the public record and provided you a NOTICE of same.
Let me know if you ever find one!