Asked by Jackie Perdomo on Jun 15, 2024
Verified
A W-2 is an income statement that lists any money earned from interest.
W-2
The form that an employer must send to an employee and the IRS at the end of the year, which reports the employee's annual wages and taxes withheld.
Income Statement
A financial statement that shows a company's revenues and expenses over a specific period of time, resulting in net profit or loss.
- Recognize the purpose and contents of key tax documents such as W-2, 1040, and 1099 forms.
Verified Answer
HA
Humaira AhmadJun 19, 2024
Final Answer :
False
Explanation :
A W-2 is an income statement that lists wages, tips, and other compensation earned from an employer. It does not include any money earned from interest.
Learning Objectives
- Recognize the purpose and contents of key tax documents such as W-2, 1040, and 1099 forms.