Which of the following forms is typically given to employees at the end of the calendar year so that employees can file their individual income tax forms?
A) Employee's Withholding Allowance Certificate (W-4)
B) Wage and Tax Statement (Form W-2)
C) Employer's Quarterly Federal Tax Return (Form 941)
D) 401k plans

Question

Quizplus · Accepted Answer

The Wage and Tax Statement (Form W-2) is the form typically given to employees at the end of the calendar year so that they can file their individual income tax forms. This form shows the employee's wages, tips, and other compensation, as well as the taxes withheld and paid by the employer on behalf of the employee. The Employee's Withholding Allowance Certificate (W-4) is filled out by the employee at the start of their employment to determine the amount of federal income tax that should be withheld from their paycheck. The Employer's Quarterly Federal Tax Return (Form 941) is a form that employers use to report income taxes, Social Security taxes, and Medicare taxes withheld from employee paychecks, as well as the employer's share of Social Security and Medicare taxes. 401k plans are retirement savings plans offered by employers to employees.

Which of the Following Forms Is Typically Given to Employees