Certified Payroll Professional Practice Exam

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What information does Form W-2 provide to employees?

Details about retirement benefits
Information on employee deductions
Amount of earnings and tax withholdings for the tax year
Employee's health insurance coverage

The correct answer is: Amount of earnings and tax withholdings for the tax year

Form W-2 provides employees with the amount of earnings and tax withholdings for the tax year. This is important for employees as it helps them understand how much they have earned, how much tax has been withheld from their pay, and the overall financial picture they need to report when filing their income taxes. Options A, B, and D are not the primary information provided on Form W-2, making them incorrect choices.