Asked by Keandra Moffitt on Jun 19, 2024
Verified
What payroll tax form meets the following description: Before the end of January,an employer must provide this form to employees to summarize amounts paid for salaries,wages,and withholdings for the year?
A) Form W-2
B) Form W-3
C) Form 940
D) Form 944
Form W-2
A tax form used in the United States to report wages paid to employees and the taxes withheld from them.
Salaries
Compensation that employees receive regularly for rendering their services.
Withholdings
Amounts of money withheld from an employee's paycheck for taxes, health insurance, retirement savings, etc., and paid directly to the government or other entities.
- Recognize and distinguish between the various documents utilized in processing payroll and their functions.
Verified Answer
MH
Madison HendrixJun 24, 2024
Final Answer :
A
Explanation :
Form W-2 is the form employers use to report annual wages and tax withholding information for employees. Employers must provide this form to employees by the end of January so employees can use it to prepare their personal income tax returns.
Learning Objectives
- Recognize and distinguish between the various documents utilized in processing payroll and their functions.
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