From the provided information, it's true that Lily's annual gross pay was $14,450. Details about her net pay, 401k contributions, and the absence of state income tax in Indiana cannot be determined. (option A is the answer)
Based on the information provided:
1. Lily's annual gross pay was $14,450.
- True, as indicated in Box 1 of the W-2 form.
2. Lily's annual net pay was $11,563.25.
- The W-2 form shows gross pay and various deductions, but it does not directly provide net pay.
3. According to Lily's W-2, she is contributing to a 401k for her retirement.
- Contributions to a 401k are typically not explicitly shown on the W-2 form.
4. Lily is employed in Indiana, a state without an income tax.
- Cannot be confirmed from the provided information. The W-2 form shows federal tax withholding, but it does not provide information about state income tax.
In summary, the only statement that can be confirmed as true based on the information given is that Lily's annual gross pay was $14,450. (option A)
The complete question is:
Which of the following statements is/are TRUE? (choose ALL correct answers)
A. Lily's annual gross pay was $14,450.
B. Lily's annual net pay was $11,563.25.
C. According to Lily's W-2, she is contributing to a 401k for her retirement.
D. Lily works in the state of Indiana, which does not have an income tax.