W-2 Wage and Tax Statement: This Information Is Being Furnished To The Internal Revenue Service

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7 Social security tips 1 Wages, tips, other comp.

2 Federal income tax withheld


Form W-2 Wage and Tax Statement 2022 198062.55 38786.02
c Employer’s name, address, and ZIP code 8 Allocated tips 3 Social security wages 4 Social security tax withheld
LOCKHEED MARTIN CORPORATION 147000.00 9114.00
1040 S PARKWAY FRONTAGE RD 9 5 Medicare wages and tips 6 Medicare tax withheld
217592.09 3313.42
LAKELAND FL 33813 10 11 plans 12a See instructions for box 12
C
o
d
e C 151.32
Statutory Retirement Third-party
e Employee’s name, address, and ZIP code 13 employee plan sick pay 14 Other 12b
C
o
d
e D 19529.54
TYLER J HEDGES b Employer number (EIN) 12c
C
o
1422 COUNTRY CLUB RD 52-1893632 d
e
W 500.00
a Employee’s social security no. 12d
ARLINGTON TX 76013-1005 XXX-XX-1390
C
o
d DD 7309.43
e

15 State Employer’s state ID no. 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name
CA 411-7177-8 23799.82 1570.79
Copy B To Be Filed With Employee’s FEDERAL Tax Return This information is being furnished to the Internal Revenue Service. Dept. of the Treasury - IRS
OMB No. 1545-0008 Visit the IRS Web Site at www.irs.gov/efile

This information is being furnished to the Internal Revenue Service.


negligence penalty or other sanction may be imposed on you if this income is taxable and you fail to report it.

7 Social security tips 1 Wages, tips, other comp. 2 Federal income tax withheld
Form W-2 Wage and Tax Statement 2022 198062.55 38786.02
c Employer’s name, address, and ZIP code 8 Allocated tips 3 Social security wages 4 Social security tax withheld
LOCKHEED MARTIN CORPORATION 147000.00 9114.00
1040 S PARKWAY FRONTAGE RD 9 5 Medicare wages and tips 6 Medicare tax withheld
217592.09 3313.42
LAKELAND FL 33813 10 11 plans 12a See instructions for box 12
C
o
d
e C 151.32
e Employee’s name, address, and ZIP code Statutory R e tire ment Third-party
13 employe e plan sick pay 14 Other 12b
C
o

TYLER J HEDGES d
e D 19529.54
b Employer number (EIN) 12c
C
1422 COUNTRY CLUB RD 52-1893632 o
d
e W 500.00
ARLINGTON TX 76013-1005 a Employee’s social security no. 12d
C
o
XXX-XX-1390 d
e
DD 7309.43

15 State Employer’s state ID no. 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name
CA 411-7177-8 23799.82 1570.79

Copy C For EMPLOYEE'S RECORDS (See Notice to Employee on back of Copy B.) OMB No. 1545-0008 Dept. of the Treasury - IRS

7 Social security tips 1 Wages, tips, other comp. 2 Federal income tax withheld
Form W-2 Wage and Tax Statement 2022 198062.55 38786.02
c Employer’s name, address, and ZIP code 8 Allocated tips 3 Social security wages 4 Social security tax withheld
LOCKHEED MARTIN CORPORATION 147000.00 9114.00
1040 S PARKWAY FRONTAGE RD 9 5 Medicare wages and tips 6 Medicare tax withheld
217592.09 3313.42
LAKELAND FL 33813 12a
10 11 plans C
o
d
e
C 151.32
Statutory R e tire ment Third-party
e Employee’s name, address, and ZIP code 13 employe e plan sick pay 14 Other 12b
C
o
d
e
D 19529.54
TYLER J HEDGES b Employer number (EIN) 12c
C
1422 COUNTRY CLUB RD 52-1893632 o
d
e
W 500.00
ARLINGTON TX 76013-1005 a Employee’s social security no. 12d
C
XXX-XX-1390 o
d
e
DD 7309.43

15 State Employer’s state ID no. 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name
CA 411-7177-8 23799.82 1570.79
Copy 2 To Be Filed With Employee's State, City, or Local Income Tax Return OMB No. 1545-0008 Dept. of the Treasury - IRS

7 Social security tips 1 Wages, tips, other comp. 2 Federal income tax withheld
Form W-2 Wage and Tax Statement 2022 198062.55 38786.02
c Employer’s name, address, and ZIP code 8 Allocated tips 3 Social security wages 4 Social security tax withheld
LOCKHEED MARTIN CORPORATION 147000.00 9114.00
1040 S PARKWAY FRONTAGE RD 9 5 Medicare wages and tips 6 Medicare tax withheld
217592.09 3313.42
LAKELAND FL 33813 10 11 plans 12a
C
o
d
e
C 151.32
Statutory R e tire ment Third-party
e Employee’s name, address, and ZIP code 13 employe e plan sick pay 14 Other 12b
C
o
d
e
D 19529.54
TYLER J HEDGES b Employer number (EIN) 12c
C
1422 COUNTRY CLUB RD 52-1893632 o
d
e W 500.00
ARLINGTON TX 76013-1005 a Employee’s social security no. 12d
C
XXX-XX-1390 o
d
e
DD 7309.43

15 State Employer’s state ID no. 16 State wages, tips, etc. 17 State income tax 18 Local wages, tips, etc. 19 Local income tax 20 Locality name
CA 411-7177-8 23799.82 1570.79
Copy 2 To Be Filed With Employee's State, City, or Local Income Tax Return L87 OMB No. 1545-0008 5206 Dept. of the Treasury - IRS
Notice to Employee
Do you have to file? Refer to the Form 1040 instructions to determine Corrections. If your name, SSN, or address is incorrect, correct
Copies B, C, and 2 and ask your employer to correct your
tax return, you may be eligible for a refund if box 2 shows an amount
or if you are eligible for any credit. Corrected Wage and Tax Statement, with the SSA to correct any
Earned income credit (EIC). You may be able to take the EIC for name, SSN, or money amount error reported to the SSA on Form W-2.
2022 if your adjusted gross income (AGI) is less than a certain Be sure to get your copies of Form W-2c from your employer for all
amount. The amount of the credit is based on income and family size.
Workers without children could qualify for a smaller credit. You and name and SSN are correct but aren’t the same as shown on your
any qualifying children must have valid social security numbers social security card, you should ask for a new card that displays your
(SSNs). You can’t take the EIC if your investment income is more than
also visit the SSA website at www.SSA.gov.
provided while you were an inmate at a penal institution. For 2022 Cost of employer-sponsored health coverage (if such cost is
income limits and more information, visit www.irs.gov/EITC. See also provided by the employer). The reporting in box 12, using code DD,
Pub. 596, Earned Income Credit. Any EIC that is more than your tax of the cost of employer-sponsored health coverage is for your
liability is refunded to you, but only if you file a tax return. information only. The amount reported with code DD is not taxable.
Employee’s social security number (SSN). For your protection, this Credit for excess taxes. If you had more than one employer in 2022
form may show only the last four digits of your SSN. However, your and more than $9,114 in social security and/or Tier 1 railroad
employer has reported your complete SSN to the IRS and the Social retirement (RRTA) taxes were withheld, you may be able to claim a
Security Administration (SSA). credit for the excess against your federal income tax. See the Form
Clergy and religious workers. If you aren’t subject to social security 1040 instructions. If you had more than one railroad employer and
and Medicare taxes, see Pub. 517, Social Security and Other more than $5,350.80 in Tier 2 RRTA tax was withheld, you may be
Information for Members of the Clergy and Religious Workers. able to claim a refund on Form 843. See the Instructions for Form 843.

(See also Instructions for Employee on the back of Copy C.)

Instructions for Employee (See also Notice to Employee on the back of Copy B.) However, if you were at least age 50 in 2022, your employer may have allowed an S—Employee salary reduction contributions under a section 408(p) SIMPLE plan (not
additional deferral of up to $6,500 ($3,000 for section 401(k)(11) and 408(p) SIMPLE included in box 1)
Box 1. Enter this amount on the wages line of your tax return.
plans). This additional deferral amount is not subject to the overall limit on elective T—
Box 2. Enter this amount on the federal income tax withheld line of your tax return. deferrals. For code G, the limit on elective deferrals may be higher for the last 3 years
Box 5. You may be required to report this amount on Form 8959, Additional Medicare before you reach retirement age. Contact your plan administrator for more information. V—Income from exercise of nonstatutory stock option(s) (included in boxes 1, 3 (up to
Tax. See the Form 1040 instructions to determine if you are required to complete Amounts in excess of the overall elective deferral limit must be included in income. See the social security wage base), and 5). See Pub. 525, Taxable and Nontaxable Income,
Form 8959. the Form 1040 instructions. for reporting requirements.
Box 6. This amount includes the 1.45% Medicare Tax withheld on all Medicare wages Note: If a year follows code D through H, S, Y, AA, BB, or EE, you made a make-up W—Employer contributions (including amounts the employee elected to contribute using
and tips shown in box 5, as well as the 0.9% Additional Medicare Tax on any of those
a section 125 (cafeteria) plan) to your health savings account. Report on Form 8889,
Medicare wages and tips above $200,000. whether you made excess deferrals, consider these amounts for the year shown, not the Health Savings Accounts (HSAs).
Box 8. This amount is not included in box 1, 3, 5, or 7. For information on how to report current year. If no year is shown, the contributions are for the current year.
Y—
tips on your tax return, see the Form 1040 instructions. A—Uncollected social security or RRTA tax on tips. Include this tax on Form 1040 or
1040-SR. See the Form 1040 instructions. Z—
409A. This amount is also included in box 1. It is subject to an additional 20% tax plus
with your income tax return to report at least the allocated tip amount unless you can B—Uncollected Medicare tax on tips. Include this tax on Form 1040 or 1040-SR. See the interest. See the Form 1040 instructions.
prove with adequate records that you received a smaller amount. If you have records Form 1040 instructions.
that show the actual amount of tips you received, report that amount even if it is more or AA—Designated Roth contributions under a section 401(k) plan
C—Taxable cost of group-term life insurance over $50,000 (included in boxes 1, 3 (up to
the social security wage base), and 5) BB—Designated Roth contributions under a section 403(b) plan
tax owed on tips you didn’t report to your employer. Enter this amount on the wages line D—Elective deferrals to a section 401(k) cash or deferred arrangement. Also includes DD—Cost of employer-sponsored health coverage. The amount reported with code DD
deferrals under a SIMPLE retirement account that is part of a section 401(k) arrangement. is not taxable.
E—Elective deferrals under a section 403(b) salary reduction agreement EE—Designated Roth contributions under a governmental section 457(b) plan. This
Box 10. amount does not apply to contributions under a tax-exempt organization section 457(b)
to you or incurred on your behalf (including amounts from a section 125 (cafeteria) plan). F—Elective deferrals under a section 408(k)(6) salary reduction SEP plan.
Any amount over your employer’s plan limit is also included in box 1. See Form 2441. G—Elective deferrals and employer contributions (including nonelective deferrals) to a FF—
Box 11. This amount is (a) reported in box 1 if it is a distribution made to you from a section 457(b) deferred compensation plan arrangement
H—Elective deferrals to a section 501(c)(18)(D) tax-exempt organization plan. See the GG—
Form 1040 instructions for how to deduct.
HH—Aggregate deferrals under section 83(i) elections as of the close of the calendar year
457(b) plan that became taxable for social security and Medicare taxes this year J—Nontaxable sick pay (information only, not included in box 1, 3, or 5)
because there is no longer a substantial risk of forfeiture of your right to the deferred Box 13. If the “Retirement plan” box is checked, special limits may apply to the amount
K—20% excise tax on excess golden parachute payments. See the Form 1040 instructions. of traditional IRA contributions you may deduct. See Pub. 590-A, Contributions to
amount. This box shouldn’t be used if you had a deferral and a distribution in the same
calendar year. If you made a deferral and received a distribution in the same calendar L—Substantiated employee business expense reimbursements (nontaxable) Individual Retirement Arrangements (IRAs).
year, and you are or will be age 62 by the end of the calendar year, your employer should M—Uncollected social security or RRTA tax on taxable cost of group-term life insurance Box 14. Employers may use this box to report information such as state disability
over $50,000 (former employees only). See the Form 1040 instructions. insurance taxes withheld, union dues, uniform payments, health insurance premiums
Security Administration and give you a copy. deducted, nontaxable income, educational assistance payments, or a member of the
N—Uncollected Medicare tax on taxable cost of group-term life insurance over $50,000 clergy’s parsonage allowance and utilities. Railroad employers use this box to report
Box 12. The following list explains the codes shown in box 12. You may need this (former employees only). See the Form 1040 instructions. railroad retirement (RRTA) compensation, Tier 1 tax, Tier 2 tax, Medicare tax, and
information to complete your tax return. Elective deferrals (codes D, E, F, and S) and P—Excludable moving expense reimbursements paid directly to a member of the U.S. Additional Medicare Tax. Include tips reported by the employee to the employer in
designated Roth contributions (codes AA, BB, and EE) under all plans are generally Armed Forces (not included in box 1, 3, or 5) railroad retirement (RRTA) compensation.
limited to a total of $20,500 ($14,000 if you only have SIMPLE plans; $23,500 for section Q—Nontaxable combat pay. See the Form 1040 instructions for details on reporting this Note: Keep Copy C
403(b) plans if you qualify for the 15-year rule explained in Pub. 571). Deferrals under amount. income tax return. However, to help protect your social security benefits, keep Copy C
code G are limited to $20,500. Deferrals under code H are limited to $7,000.
R—Employer contributions to your Archer MSA. Report on Form 8853, Archer MSAs and your work record and/or earnings in a particular year.
Long-Term Care Insurance Contracts.

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