Question

At the end of the year, the employee will receive a statement, called a W-2 Form, showing his total earnings and the total Federal income tax deducted. True False

Answer 1

This statement is true.

Answer 2

The answer is: True

Step-by-step explanation:

Employers must file a W-2 Form to the IRS for every employee that earns more than $600 per year by January 31 of the next year. They must also provide a copy of the form filed to every employee.

The W-2 Form includes information about the employee's total earnings, social security payments, medicare payments, and federal and state taxes withheld.