Analyzing W-2 Form

What is the employee's social security number on the W-2 form?

• 987654321

• 123-45-6789

• 00122234001

• 123-45-9876

What is the employer's identification number (EIN) on the W-2 form?

• 123-45-6789

• 00122234001

• 987654321

• 123456789

How much federal income tax was withheld according to the W-2 form?

• 1,000.00

• 1,080.50

• 895.90

• 500.00

What is the amount of social security wages listed on the W-2 form?

• 10,000.00

• 14,450.00

• 12,000.00

• 15,000.00

How much was withheld for social security tax according to the W-2 form?

• 1,080.50

• 895.90

• 500.00

• 1,000.00

What is the amount of Medicare wages and tips listed on the W-2 form?

• 10,000.00

• 14,450.00

• 12,000.00

• 15,000.00

How much was withheld for Medicare tax according to the W-2 form?

• 209.52

• 100.00

• 150.00

• 300.00

What is the amount of local wages, tips, etc. listed on the W-2 form?

• 10,000.00

• 14,450.00

• 12,000.00

• 15,000.00

What do you know about Lily’s employment?

• Lily earned minimum wage plus tips

• Lily worked at Scoops Ice Cream in 2024

• Lily worked during every month of 2024

• Lily’s annual net pay (take-home pay) was $14,450 after taxes

What tax information is NOT included on this W-2?

• Gross wages earned

• Federal income taxes she’s already paid

• State income taxes she’s already paid

• Income earned from her investments