Certified Payroll Professional Practice Exam

What information does Form W-2 provide to employees?

Details about retirement benefits Information on employee deductions Amount of earnings and tax withholdings for the tax year Employee's health insurance coverage

Correct Answer:

Amount of earnings and tax withholdings for the tax year

Explanation:

Form W-2 provides employees with the amount of earnings and tax withholdings for the tax year. This is important for employees as it helps them understand how much they have earned, how much tax has been withheld from their pay, and the overall financial picture they need to report when filing their income taxes. Options A, B, and D are not the primary information provided on Form W-2, making them incorrect choices.

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