W2

Look at the picture!

• He is from Germany.

• I am Colombian.

• She is German.

• She is Italian.

What is their nationality?

• They is American.

• They are Canadian.

• They are American.

• They are French.

Michele and Paul are ________

• English

• French

• Spanish

• American

What is the significance of 'W2' in the context of U.S. taxation?

• It is a form used to report wages paid to employees and taxes withheld.

• It is a form used to apply for a tax refund.

• It is a form used to declare bankruptcy.

• It is a form used to report self-employment income.

Which government agency is responsible for issuing the W2 form in the United States?

• Social Security Administration

• Internal Revenue Service

• Department of Labor

• Federal Reserve

In which month are employers required to send out W2 forms to their employees?

• January

• February

• March

• April

What information is typically included on a W2 form?

• Employee's annual salary, tax withholdings, and Social Security number

• Employee's health insurance details

• Employee's retirement plan contributions

• Employee's job performance review

How does the W2 form affect an employee's tax return?

• It provides the necessary information to file a tax return.

• It determines the amount of tax refund.

• It is used to apply for tax deductions.

• It is irrelevant to tax returns.

What is the deadline for employers to file W2 forms with the Social Security Administration?

• January 31

• February 28

• March 15

• April 15

Which of the following is NOT a purpose of the W2 form?

• Reporting wages paid to employees

• Reporting taxes withheld from paychecks

• Reporting employee's health insurance premiums

• Reporting Social Security and Medicare taxes