Tax Documents

Front

The Wage and Tax Statement is the document an employer is required to send to each employee and the Internal Revenue Service (IRS) at the end of the year. It reports employees' annual wages and the amount of taxes withheld from their paychecks.

Back

W2

Front

What does the W-4 form let your employer know?

Back

How much to withhold from your paycheck

Front

By claiming "exempt" on the W-4 form, what happens?

Back

You will NOT have income taxes withheld from your paycheck.

Front

What is NOT true about the W-2 form?

Back

You get 1 W-2 form every year, even if you had multiple jobs

Front

What do you need to file your 1040 form?

Back

Your W-2

Front

Can a parent claim a teen as a dependent if the teen files a tax return?

Back

Yes, as long as the teen meets the dependency requirements

Front

Can a teen's earned income be reported on a parent's tax return?

Back

False

Front

Are taxes deducted from all employees' paychecks?

Back

true

Front

The government agency in charge of collecting tax.

Back

IRS

Front

Which tax form provides information on how much you have earned in interest on your savings tools, such as savings accounts?

Back

1099-INT