Generally,wages are reported on a ________ form while interest and dividends are reported on a ________ form?

Question

Quizplus · Accepted Answer

W-2 forms are used by employers to report wages paid to employees, while 1099 forms are used by financial institutions to report interest and dividend income earned by individuals. Therefore, the best choice is C. A) and D) are not relevant to the question and B) is incorrect as there is no specific form called "IRS" for reporting income.

Generally,wages Are Reported on a ________ Form While Interest and Dividends