This form will be sent to Lily by the end of January. She will use this W-2 form to:
A
Enroll in her employer's retirement plan
B
Report her annual wages and taxes withheld when filing her income tax return
C
Apply for a new job by providing proof of employment
D
Request a refund for overpaid payroll taxes from her employer
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검증된 단계별 안내
1
Understand the purpose of the W-2 form: The W-2 form is a document provided by an employer to an employee, summarizing the employee's annual wages and the taxes withheld from their paycheck.
Clarify the primary use of the W-2 form: It is used by employees to report their annual income and taxes withheld to the IRS when filing their income tax return.
Eliminate incorrect options: The W-2 form is not used to enroll in a retirement plan, apply for a new job, or request a refund for overpaid payroll taxes from the employer.
Focus on the correct option: The W-2 form is specifically designed for reporting wages and taxes withheld during the year to the IRS.
Conclude the explanation: Lily will use the W-2 form to report her annual wages and taxes withheld when filing her income tax return, as this is its intended purpose.