2007-09-27 13:50:01 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
Its the form you get at the end of the year that tells you how much you earned, and how much tax was withheld from your paycheck during the year...
2007-10-01 12:17:32 · answer #1 · answered by I Can Count To Potato 7 · 0⤊ 0⤋
As the others had mentioned, W-2 is a summary of what an employer had paid for a salaried employee, including compensation, taxable benefits, federal and state tax witholdings, social security tax, medicare tax, your elective pre-tax deductions etc.
If you have more than one jobs, then you will receive one from each employer.
Someone who works as a contractor will not be receiving a W-2.
Best wishes.
2007-09-28 04:36:06 · answer #2 · answered by JQT 6 · 0⤊ 0⤋
It is the form that an employer has to give to you by Jan31st. This form will have your wages reported and you attached a copy of it to your income taxes.
2007-09-27 21:28:57 · answer #3 · answered by Gary 5 · 0⤊ 0⤋
The W-2 is a Wage and Tax Statement. You receive one each January from each employer.
It says how much you were paid, and how much was withheld from your pay for taxes.
2007-09-27 20:54:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Your end of year statement from employers indicating how much you were paid and how much was with held for taxes .
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2007-09-27 20:54:17 · answer #5 · answered by kate 7 · 0⤊ 0⤋