Question

What types of information does a W-2 form contain? Check all that apply.how much has been earnedhow much sales tax has been paidL how much has been withheld for taxeshow much property tax has been paidhow much additional tax is duehow much withheld tax will be refunded

Answer 1

The correct answers are:

How much has been earned; and 
how much has been withheld in taxes.

Explanation:

A W-2 is a statement of earnings and taxes that is sent to you in order to file your federal, state and local taxes.  It lists:

How much you earned;
How much federal tax was withheld;
How much state tax was withheld;
How much Social Security tax was withheld;
How much Medicare tax was withheld;
How much was invested in a retirement account;
How much was paid into health insurance.

These amounts are all used when you file your income taxes in order to determine how much money you owe or how much refund you are due.

Answer 2

IRS Form W-2 is a form used to report personal income. This form is generally completed by the employer and provided to the employee. The employee uses this form to submit personal tax information when filing with the IRS each year. The W-2 includes amount earned,tax amounts withheld as well as other amounts such as 401(k) contributions, insurance amounts, etc. These amounts are entered into an IRS form to determine tax liability for the respective year.