One's-complement arithmetic keeps overflow by folding it back into the low bits. The table shows the raw sum and the folded sum side by side.
highlighted = computed this step
Why the carry wraps
One's-complement addition folds overflow back into the low bits. The table exposes the raw sum before that end-around carry is applied.
raw=0x00024e17
Add the words
With the checksum word zeroed, the raw sum is 0x00024e17. This is wider than a 16-bit checksum field.
raw=0x00024e17
End-around carry fold
The high carry 0x02 is added back to the low bits, producing 0x4e19.
0x02+0x4e17=0x4e19
Summary
The one's-complement sum is not ordinary truncation; overflow is folded back into the result. Error detection over the exact bytes; timing/throughput is not modeled here.