W2
What is W2?
W2 is provided by the employer and summarizes every paycheck and how much it was withheld and is also used for tax returns
What is W4?
W4 is provided by the employer and determines how much money is withheld every paycheck for taxes
What is overpayment?
When you pay more money than you should’ve on your taxes
Define the term "Tax Refund"
A Tax Refund is money returned if you've overpaid taxes,
who painted the mona lisa
Leonardo da vinci
What is the purpose for W2?
It tells the employer how much money they should withhold from the employees paycheck
What is the purpose for W4?
It tells the IRS how much an employee is paid during a year and how much tax is withheld
True or False
The IRS penalizes you for overpaying your taxes
False
When can you expect your tax refund?
As early as mid-late febuary
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The pacific
Who fills out the W2?
The employer fills it out
Who fills out the W4?
The employee fills it out
How long does it take you get your overpayment refund back?
Can you always get a tax refund?
Only if you have overpaid your taxes during the year
This country has the largest number of pyramids
Sudan
Who is the W2 for?
The IRS and all the employees
Who is the W4 for?
The employers
Do you have to file a return to get your money back if you overpaid?
No there is no need to
How are tax refunds sent?
Sent through mail
is a tomato a fruit or vegetable
fruit
What is the due date submission for W2?
Filled annually, by January 31st
What is the due date submission for W4?
One-time submission, within the first month of a new role
Does the IRS help fix your overpayment?
Yes
What is Texas’s rank in tax refunds?
Rank 4
what is the only edible food that never expires
honey