question 6 of 10\nthe form used by employers to show how much an employee earned that\nyear and all taxes…

question 6 of 10\nthe form used by employers to show how much an employee earned that\nyear and all taxes paid is a \na. 1040\nb. 1099\nc. w - 4\nd. w - 2

question 6 of 10\nthe form used by employers to show how much an employee earned that\nyear and all taxes paid is a \na. 1040\nb. 1099\nc. w - 4\nd. w - 2

Answer

Brief Explanations:

  • Form 1040: It is the U.S. individual income tax return form. Taxpayers use it to calculate their tax liability, claim tax credits and deductions, and more. It's not for employers to show employee earnings and taxes paid.
  • Form 1099: This form is used to report various types of income (like non - employee compensation, dividends, etc.) to the IRS and the recipient. It's not specifically for employer - employee earnings and tax reporting in the way described.
  • Form W - 4: Employees fill out this form when they start a job. It tells the employer how much tax to withhold from their paycheck based on their marital status, number of allowances, etc. It's not a form that shows earnings and taxes paid for the year.
  • Form W - 2: Employers are required to provide this form to each employee (and to the Social Security Administration) at the end of the year. It shows the employee's annual earnings (wages, salaries, tips, etc.) and the amount of federal, state, Social Security, and Medicare taxes withheld from their pay.

Answer:

D. W - 2