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Finance 11 Online
Maxine:

Which of these is a tax form that employers send to their employees? A. W-2 form B. 1040EZ form C. tax schedule form

XioGonz:

What do you believe the correct answer is?

Maxine:

Honestly the topic im on is really confusing

XioGonz:

Here, another hint. Employers are required to send them out to all employees stating the amount they earned and all of the withholdings from their salary.

Maxine:

im still confused

XioGonz:

Okay, first let's start by clarifying what each of your answer options are.

XioGonz:

A.) A W-2 form, also known as the Wage and Tax Statement, is the document an employer is required to send to each employee and to the Internal Revenue Service (IRS) at the end of the year. A W-2 reports the employee's annual wages and the amount of taxes withheld from their paychecks. B.) Form 1040EZ was a shortened version of Form 1040 for taxpayers with basic tax situations. The form was discontinued as of the 2018 tax year and replaced with the redesigned Form 1040. Form 1040EZ had only a few credits or deductions available to taxpayers. C.) A tax schedule is an official form that spells out how much taxes are due for a particular taxpayer and their circumstances. In the U.S., the IRS publishes several tax schedules to help individuals calculate their income taxes due.

Maxine:

so it would be A?

XioGonz:

Yes.

Maxine:

thx Xio

XioGonz:

\(\color{#0cbb34}{\text{Originally Posted by}}\) @Maxine thx Xio \(\color{#0cbb34}{\text{End of Quote}}\) Np.

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