
Understanding Form W-2: Wage and Tax Statement

Quiz
•
Business
•
12th Grade
•
Medium

Claudia Swint
Used 1+ times
FREE Resource
18 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of Form W-2?
To claim tax deductions
To apply for a new job
To report business expenses
To report an employee's annual wages and taxes withheld
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who is responsible for sending out Form W-2?
The employee
The employer
The IRS
The Social Security Administration
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
By what date must employers send Form W-2 to employees?
April 15
March 15
December 31
January 31
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which box on Form W-2 shows taxable income?
Box 7
Box 3
Box 5
Box 1
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What information is included in Boxes A-F on Form W-2?
Taxable income and federal tax withheld
Employee and employer information
Social Security and Medicare taxes
State and local taxes
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does Box 12 on Form W-2 typically include?
Social Security tax withheld
Federal income tax withheld
Other types of compensation or reductions from taxable income
State income tax withheld
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of Form W-4?
To report annual wages
To claim student loan interest
To determine tax withholding from paychecks
To report gambling winnings
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