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.

Question

Quizplus · Accepted Answer

A W-2 form is given to employees to use for preparing their personal tax returns, showing wages earned and taxes withheld. A W-3, however, is a transmittal form sent by the employer to the Social Security Administration summarizing the information on all the W-2 forms for the employer's employees; it is not used by employees for their personal tax returns.

Which of the Following Does NOT Apply to Both a W-2