Question

Employers are required to furnish each employee with an annual statement of earnings and withholdings before

a. december 31 of the current year
b. january 1 of the following year
c. january 31 of the following year
d. april 15 of the following year

Answer 1

Employers are required to furnish each employee with an annual statement of earnings and withholdings before January 31 of the following year. This statement, also known as a W-2 form, provides detailed information on the employee's wages, taxes withheld, and other relevant information for filing income taxes.

Step-by-step explanation:

Employers are required to furnish each employee with an annual statement of earnings and withholdings before January 31 of the following year. This statement, also known as a W-2 form, provides detailed information on the employee's wages, taxes withheld, and other relevant information for filing income taxes. It is important for employers to provide this statement in a timely manner so that employees can accurately complete their tax returns.