The Wage and Tax Statement given to each employee annually is:
A)Form 940.
B)Form 941.
C)Form 1040
D)Form W-2.
E)Form W-4.

Question

Quizplus · Accepted Answer

The Wage and Tax Statement given annually to employees is Form W-2. Form 940 is for employers to report and pay unemployment taxes, Form 941 is the Employer's Quarterly Federal Tax Return, Form 1040 is the Individual Income Tax Return, and Form W-4 is the Employee's Withholding Allowance Certificate.

The Wage and Tax Statement Given to Each Employee Annually