Understanding W-2 Forms for Seniors

What is a W-2 form used for?

• To apply for a job

• To report wages and taxes withheld to the IRS

• To claim unemployment benefits

• To register for selective service

Who provides the W-2 form to an employee?

• The IRS

• The employee's bank

• The employer

• The state government

By what date must employers send out W-2 forms to their employees?

• January 1

• January 31

• April 15

• December 31

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

• Employee's Social Security Number

• Total wages earned

• Employee's bank account number

• Federal income tax withheld

How many copies of the W-2 form does an employee typically receive?

• One

• Two

• Three

• Four

Which box on the W-2 form shows the total wages earned by the employee?

• Box 1

• Box 2

• Box 3

• Box 4

What does Box 2 on the W-2 form indicate?

• Social Security wages

• Federal income tax withheld

• Medicare wages

• State income tax withheld

Which box on the W-2 form shows the amount of Social Security tax withheld?

• Box 3

• Box 4

• Box 5

• Box 6

What is the purpose of Box 12 on the W-2 form?

• To report additional compensation or deductions

• To report state income tax withheld

• To report local income tax withheld

• To report the employee's address

If an employee notices an error on their W-2 form, what should they do?

• Ignore it

• Contact the IRS directly

• Contact their employer for a correction

• File their taxes with the incorrect information