Module 2 Wage and Tip Income

Which of the following is not reported on Form W-2?

• Wages, tips, and other compensation

• Federal income tax withheld

• Medicare tax withheld

• The number of withholding allowances claimed by the employee on Form W-4

Which of the following is true?

• Only tips paid in cash are taxable
• Only tip income reported on Form W-2 is taxable
• Tip income is not taxable
• All tip income is taxable

The Wage and Tax Statement is also known as

• Form W-2
• Form 1040
• Form W-4
• None of the above

Look at the Form W-2 on the board. Who prepared the Form W-2?

• Noriko Miyahara
• Anycity National Bank
• Linden Avenue

Form W-2 is used to prepare the employee's tax return.

• true
• false

The employee and the federal government both receive Form W-2.

• true
• false

Look at the Form W-2 on the board. How much did Noriko Miyahara earn?

• 30275
• 3935.75
• 1272
• 438.99

Did Noriko Miyahara have Social Security tip income?

• Yes
• No