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dimulka [17.4K]
3 years ago
13

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

History
1 answer:
timurjin [86]3 years ago
8 0

Answer:

<em>It shows how much a person earned, and how much was withheld in taxes.</em>

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.

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