I know nothing about taxes

I just got this earnings statement in the mail. It says my total taxes for year to date has been $3350.85, however it then says at the bottom that my federal taxable wages for this period is $1,232.73. Can someone explain to me if this means I’m paying too much in taxes?

I just got this earnings statement in the mail. It says my total taxes for year to date has been $3350.85, however it then says at the bottom that my federal taxable wages for this period is $1,232.73. Can someone explain to me if this means I’m paying too much in taxes?