7
lesson pretestMultiple Choice

Pretest

Question 7 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

What types of information does a W-2 form contain? Choose two correct answers.

Answer
A
how much withheld tax will be refunded
B
how much has been earned
C
how much sales tax has been paid
D
how much property tax has been paid
E
how much has been withheld for taxes
F
how much additional tax is due

Explanation

A W-2 reports an employee’s wages and other compensation earned during the year, as well as the income taxes withheld from those wages. It does not report sales or property taxes, and it does not determine the final refund or additional tax due; those are calculated when filing a tax return.

AI-written and checked against the verified answer.

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