Which information does Form W-2 provide?

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Multiple Choice

Which information does Form W-2 provide?

Explanation:
Form W-2 shows what you earned from an employer and the taxes that were withheld. It reports wages, tips, and other compensation, along with the tax withholdings for federal income tax and for Social Security and Medicare, plus any state or local taxes if applicable. This information is what you use to prepare your individual tax return, and employers must provide it to you (and to the IRS) after the year ends. Other types of income and payments come from different forms: interest income on Form 1099-INT, rental income on Schedule E, and estimated tax payments on Form 1040-ES.

Form W-2 shows what you earned from an employer and the taxes that were withheld. It reports wages, tips, and other compensation, along with the tax withholdings for federal income tax and for Social Security and Medicare, plus any state or local taxes if applicable. This information is what you use to prepare your individual tax return, and employers must provide it to you (and to the IRS) after the year ends. Other types of income and payments come from different forms: interest income on Form 1099-INT, rental income on Schedule E, and estimated tax payments on Form 1040-ES.

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