your employer sends you a _______ form that tells you how much you’ve made and how much you’ve paid in taxes in the last year.
What type of form does your employer send you that tells you how much you’ve made and how much you’ve paid in taxes in the last year?
Answer:
LectureNotes mentioned a form called a “W-2 form.” This form is provided by an employer to an employee and includes information about the employee’s annual wages and the amount of taxes withheld from their pay throughout the year. The W-2 form is essential for individuals to accurately file their income tax returns with the Internal Revenue Service (IRS). It details various financial aspects such as wages, tips, bonuses, and taxes withheld, helping employees report their income and tax liability correctly.