Asked by
Ellie Davenport
on Nov 15, 2024Verified
Which of the following does NOT apply to both a W-2 and a W-3?
A) Reports the total amount of wages, tips and compensation paid to the employee
B) Reports the total OASDI and Medicare taxes withheld
C) Sent to the Social Security Administration
D) Employees use both forms to prepare their personal tax returns.
Social Security Administration
A U.S. government agency that administers social programs covering disability, retirement, and survivors' benefits, among others.
W-2
A W-2 form is a tax document issued by employers in the United States to employees, indicating the amount of wages paid and taxes withheld during the year.
W-3
A tax form used in the United States to summarize the total wages paid and taxes withheld for employees to the Social Security Administration.
- Recognize the correct paperwork involved in payroll and their roles.
Verified Answer
ML
Learning Objectives
- Recognize the correct paperwork involved in payroll and their roles.