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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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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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