14
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Taxes

Question 14 • 2027 Ignite Financial Literacy-Personal Finance - EL3403

What types of information does a W-2 form contain? Check all that apply.how much has been earned how much sales tax has been paid how much has been withheld for taxes how much property tax has been paid how much additional tax is due how much withheld tax will be refunded

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

Explanation

A W-2 reports how much an employee earned from an employer and how much was withheld from that pay for taxes. It does not report sales or property taxes, and it does not determine whether additional tax is due or a refund is owed; those amounts are worked out when filing a tax return.

AI-written and checked against the verified answer.

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