Question

video: whats a w-2 form?the w-2 form contains some of the most crucial information youll need to prepare your taxes.watch this video to learn why its so important. then, answer the questions.1. all of the following people should receive w-2 forms except...a. edgar, who works 10 hours/week cleaning pools for $15/hour at wecleanpoolsb. melinda, who works 40 hours/week at a local ice cream shop during the summerc. marcus, who is on salary as a sales representative at a shoe store, working full-timed. serena, who is a freelance wedding photographer2. what are two important items detailed in your w-2 form? (select two correct answers)a. wages, tips, and other compensationb. number of dependents you will claimc. federal and state taxes withheld from your earningsd. additional money you want withheld from your paycheck3. when should you receive your w-2 form from your employer?a. attached to every pay stubb. by january 1c. by january 31d. by april 15

Explanation:

1. W-2 forms are for employees hired by an employer (who withholds taxes). Freelancers are independent contractors and receive 1099 forms instead.
2. A W-2 summarizes earnings and taxes already withheld by the employer. Number of dependents and extra withholding requests are on a W-4 form, not W-2.
3. U.S. tax rules require employers to send W-2 forms to employees by January 31 of the year following tax earnings.

Answer:

1. d. Serena, who is a freelance wedding photographer
2. a. Wages, tips, and other compensation; c. Federal and state taxes withheld from your earnings
3. c. By January 31