13. identify whether each statement is true or false.\n a. in january, your employer mails you the tax forms…

13. identify whether each statement is true or false.\n a. in january, your employer mails you the tax forms w - 2, w - 4, and i - 9:\n b. your w - 2 form tells you how much you earned as an employee:\n c. form 1099 is the standard federal income tax form completed each year:\n d. january 1 is the last day to submit income tax forms or request an extension:\n e. when starting a new job, you will complete a w - 4 and an i - 9 form:\n f. if your tax situation is changing, you can fill out another w - 4 to update how much tax is withheld from your paycheck:
Answer
Explanation:
Step1: Analyze statement a
Employers typically send W - 2 forms by January 31st, not necessarily just mail them in January as an employee. So it's False.
Step2: Analyze statement b
The W - 2 form shows an employee's annual wages and the amount of taxes withheld. So it's True.
Step3: Analyze statement c
The standard federal income - tax form is 1040, not 1099. Form 1099 is used to report various types of income other than wages. So it's False.
Step4: Analyze statement d
The deadline to file federal income - tax forms or request an extension is April 15th (or the next business day if 15th falls on a weekend or holiday), not January 1st. So it's False.
Step5: Analyze statement e
When starting a new job, employees complete a W - 4 (to indicate withholding allowances) and an I - 9 (to verify identity and employment eligibility). So it's True.
Step6: Analyze statement f
If an employee's tax situation changes, they can fill out a new W - 4 to adjust the amount of tax withheld from their paycheck. So it's True.
Answer:
a. False b. True c. False d. False e. True f. True