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Simple English definitions for legal terms

W-2 form

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A quick definition of W-2 form:

Term: W-2 form

Definition: The W-2 form is a document that your employer gives you every year that shows how much money you earned, how much tax was taken out of your paycheck, and other important information about your job. You need this form to file your taxes and get any refunds you might be owed. Your employer has to give you a W-2 form if they paid you $600 or more during the year.

A more thorough explanation:

The W-2 form is a document provided by an employer to their employees that reports important information about their income and taxes withheld for the previous calendar year. This form is used by employees to prepare their tax returns.

Employers are required to file a W-2 form for any employee who received non-cash payments of $600 or more for services rendered.

John works for XYZ Company and earned a salary of $50,000 in 2021. His employer provided him with a W-2 form that shows his total income, the amount of taxes withheld from his paychecks, and any benefits he received. John will use this information to file his tax return for the year.

Another example is if an employee received a bonus of $700 in the previous year, their employer would need to file a W-2 form for that employee.

These examples illustrate how the W-2 form is used to report an employee's income and taxes withheld for the previous year. It is an important document that helps employees accurately file their tax returns.

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HopefullyInLawSchool
12:54
@VolatileClumsyAcolyte: did you apply YM to Brooklyn?
JumpySubsequentDolphin
12:57
@SplitterusClitterus: THEY BETTER HAVE AN A WAVE TODAYYY
glovediedthisishismom
12:57
kendrick lamar
glovediedthisishismom
12:57
album
JumpySubsequentDolphin
12:57
I think usually they release at like 1ish?
JumpySubsequentDolphin
12:57
@glovediedthisishismom: GNXXXX
babycat
12:59
I heard if you apply YM at Brooklyn specifically it’s the equivalent of like a 5 LSAT point boost
HopefullyInLawSchool
13:00
^^^^This
13:00
does anyone have any information on lsu? I have only heard of 1 person getting a decision and its driving me insane
HopefullyInLawSchool
13:01
Just info on their YM applications but nothing else
HopefullyInLawSchool
13:02
@BeFree03:
13:04
yeah thats all i am seeing as well. i have literally looked everywhere trying to find at least a time of day for decisions but theres nothing
CuriousPanda2362
13:04
I feel like it’s the calm before the storm
CuriousPanda2362
13:05
Big movement are bound to happen soon but it’s so eerily quiet
HopefullyInLawSchool
13:05
^^^^Me taking a dookie
CuriousPanda2362
13:05
Lmao
babycat
13:06
Ehh I think schools will prob release information on their YM applicants first before they even get to RD
babycat
13:06
I wouldn’t expect RD applicants to hear anything until after Thanksgiving bc they prioritize YM so heavily
HopefullyInLawSchool
13:06
I heard theyll do that at LSU but not 100% sure
2big2fail
13:09
berkeley status checker is so funny
13:11
berk today will be Huge if it happens
2big2fail
13:12
i think berkeley next wave will be in december
13:13
that is probable i just have a funny where i say “berk today” every single day
2big2fail
13:13
makes sense
@JumpySubsequentDolphin: TODAY IS OUR DAY also 1pm est or pst?
JumpySubsequentDolphin
13:14
YEAHHH SPLITTY. also PST
yo mama jokes will never not be funny
everyone trying to YM each other but no JM... damn :/
AHAHAHAAH
i'm lying in wait dw
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