The form used by employers to show how much an employee earned that year and all taxes paid is a _____.A.1040B.W-4C.1099D.W-2SUBMITarrow_backPREVIOUS

To answer the question regarding the form used by employers to show how much an employee earned that year and all taxes paid, we can evaluate the given options:

1. 1040: This is an individual income tax return form used by taxpayers to report their annual income to the Internal Revenue Service (IRS).
2. W-4: This form is used by employees to indicate their tax situation to their employer, including allowances and marital status, which helps determine withholding amounts.
3. 1099: This form is used to report various types of income other than wages, salaries, and tips. It typically represents income received as an independent contractor or freelance work.
4. W-2: This is the form used by employers to report an employee's annual wages and the taxes withheld from their paycheck.

Final Answer

The correct answer is D. W-2. This form precisely shows how much an employee earned that year and the total taxes paid.