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This image shows a W-2 form. Which best describes the purpose of this document?

This image shows a W-2 form. Which best describes the purpose of this document?-example-1
User Mou
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2 Answers

2 votes

Answer:

B

Step-by-step explanation:

It shows how much a person earned, and how much was withheld in taxes.

User Bobbe
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Answer:

It shows how much a person earned, and how much was withheld in taxes.

Step-by-step explanation:

W-2 form is an annual report, which the employer must inform the wages and the salary a person has earned in a year with all the federal, states and other taxes (like Social Security and Medicare tax) that were withheld from the paycheck.

The W-2 form is used later to calculated with your Federal tax how much tax a person has paid and if it is necessary to pay more tax or to receive a tax refund.

User Stealthjong
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