W2, W4, I9 and 1099

What is the purpose of a W-2 form?

• To report a taxpayer's annual income and the amount of taxes withheld.

• To verify an employee's eligibility to work in the United States.

• To report non-employee compensation.

• To determine the amount of federal income tax to withhold from an employee's paycheck.

When must employers provide W-2 forms to their employees?

• By December 31st

• By January 31st

• By April 15th

• By July 1st

Which of the following information is NOT found on a W-2 form?

• Employee's Social Security Number

• Total wages earned

• Federal income tax withheld

• Amount of bonuses paid

What is the purpose of a W-4 form?

• To report an employee's annual income.

• To verify an employee's eligibility to work in the United States.

• To report non-employee compensation.

• To determine the amount of federal income tax to withhold from an employee's paycheck.

When should an employee complete a new W-4 form?

• Only when they start a new job

• Every year

• When they have a significant change in income or family status

• Both A and C

Which section of the W-4 form allows employees to claim allowances for dependents?

• Step 1: Personal Information

• Step 2: Multiple Jobs or Spouse Works

• Step 3: Claim Dependents

• Step 4: Other Adjustments

What is the purpose of an I-9 form?

• To report a taxpayer's annual income and the amount of taxes withheld.

• To verify an employee's eligibility to work in the United States.

• To report non-employee compensation.

• To determine the amount of federal income tax to withhold from an employee's paycheck.

Which documents can be used to establish both identity and employment authorization for the I-9 form?

• U.S. Passport

• Driver's License and Social Security Card

• Birth Certificate

• Permanent Resident Card

Within how many days must an employee complete Section 1 of the I-9 form after starting work?

• 1 day

• 3 days

• 5 days

• 7 days

What is the purpose of a 1099 form?

• To report an employee's annual income.

• To verify an employee's eligibility to work in the United States.

• To report non-employee compensation.

• To determine the amount of federal income tax to withhold from an employee's paycheck.