What form is used by employers to report wages paid to each employee from whom income, Social Security, or Medicare tax was withheld?
Understand the Problem
The question is asking about the specific form that employers must use to report wages that have had taxes withheld. This involves understanding tax reporting requirements and forms used in employment contexts.
Answer
Form W-2
The form used by employers to report wages paid to each employee from whom income, Social Security, or Medicare tax was withheld is Form W-2.
Answer for screen readers
The form used by employers to report wages paid to each employee from whom income, Social Security, or Medicare tax was withheld is Form W-2.
More Information
Form W-2 is an information statement used for reporting an employee’s annual wages and the amount of taxes withheld from their paycheck by the employer. It is essential for employees filing their income tax returns.
Tips
A common mistake is confusing Form W-2 with Form W-4, which employees use to specify tax withholding preferences to their employer.
Sources
AI-generated content may contain errors. Please verify critical information
