Question

which of the following is the form an employer provides to an employee to inform them of how much money was deducted from paychecks in a given year?
a. w-4
b. i-9
c. w-2
d. w-9
option 5
which of the following statements best describes gross pay?
a. amount of money one receives from insurance after an illness or accident
b. amount of money one receives from their job before taxes or other deductions are taken out
c. amount of money one receives from their job after taxes or other deductions are taken out
d. amount of money one earns from their job by overtime, bonuses, and reimbursements

Explanation:

First Question (Form for Payroll Deductions)

To determine the correct form:

• W-4: Used for withholding allowances, not for annual deductions.
• I-9: For verifying employment eligibility.
• W-2: Reports annual wages, taxes, and deductions withheld by employer.
• W-9: For taxpayers to provide TIN to payers.

To identify gross pay:

• Option a: Relates to insurance benefits, not pay.
• Option b: Matches the definition of gross pay (pre - tax/deduction earnings).
• Option c: Describes net pay (post - tax/deduction).
• Option d: Describes additional earnings, not the core definition of gross pay.

Answer:

c. W-2

Second Question (Gross Pay Definition)