Wages And Salaries (Form W-2)

9 Questions | Total Attempts: 83

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Wages And Salaries (Form W-2) - Quiz

Form W-2 shows what you earned and the federal and state taxes taken from your wages during the year.


Questions and Answers
  • 1. 
  • 2. 
    Did you know? Our software will automatically use the nontaxable combat pay if it increases either one of those credits (Earned Income or Child Tax Credit). If it doesn’t increase those credits, then the nontaxable combat pay won’t be used.
  • 3. 
  • 4. 
    Power point W-2 information.
  • 5. 
    Employers are required to send you a Form W-2 by what date each year?
    • A. 

      The first of January

    • B. 

      The end of January

    • C. 

      The first of February

    • D. 

      The end of February

  • 6. 
    You can create an account on FreeTaxUSA.com for free.
    • A. 

      True

    • B. 

      False

  • 7. 
    What fields need to be entered when filing a W-2 online?
    • A. 

      The federal portion including taxes and social security withheld.

    • B. 

      The state tax portion including state taxes withheld.

    • C. 

      Tips and other contributions.

  • 8. 
    It is acceptable to abbreviate your business name while entering the W-2 online (i.e. changing International Business Machines to IBM).
    • A. 

      True

    • B. 

      False

  • 9. 
    What is the best method to enter a 1099-MISC?
    • A. 

      Find fields on the the W-2 screen and enter as much information as possible from the W-2.

    • B. 

      Enter 1099-MISC information on the Business Income section of FreeTaxUSA.com

    • C. 

      File all 1099-MISC totals in the miscellaneous income field in the software.

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