Which information does a W-2 form contain?

Which information does a W-2 form contain?

• A. how much has been earned
• B. year of graduation
• C. spouse's name
• D. retirement contributions

Answer: (A)

W-2s are about your earnings and taxes for the year. The most important thing it conveys is how much you earned in wages, tips, and other compensation, which is used to figure your tax liability and refunds. That earnings information is shown in Box 1 and related boxes on the form. The other details—like year of graduation or a spouse’s name—aren’t part of the W-2. Retirement contributions can appear in specific sections (Box 12 with certain codes), but the form’s primary purpose is to report earnings and the taxes withheld. That’s why describing the form as showing how much you have earned is the best fit.

W-2s are about your earnings and taxes for the year. The most important thing it conveys is how much you earned in wages, tips, and other compensation, which is used to figure your tax liability and refunds. That earnings information is shown in Box 1 and related boxes on the form. The other details—like year of graduation or a spouse’s name—aren’t part of the W-2. Retirement contributions can appear in specific sections (Box 12 with certain codes), but the form’s primary purpose is to report earnings and the taxes withheld. That’s why describing the form as showing how much you have earned is the best fit.