ACC 100 EGCC Accounting W 2 AND W3 Forms Presentation

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Business Finance

ACC 100

Eastern Gateway Community College

ACC

Description

  1. Research each of the following:
    1. W-2
    2. W-3
  2. Assignment Requirements:
    1. Create and post a PowerPoint presentation
    2. In your own words, define each, explain the purpose, and who uses the form.
    3. In detail, list and describe the steps to complete each form. You must be creative by using pictures and explanations describing each step.
    4. Minimum of five content slides
    5. Slides must include a title slide and a reference slide, which do not count toward the total of five content slides
    6. Must cite a minimum of two outside sources, not including the textbook information

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Explanation & Answer

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Student’s Name
Course Code: Course Name
Institution
Istructor’s Name
Date

FORM W-2 (Annual Wages and tax statement)
 The W-2 form is a declaration of earnings for

employees working at any period in the past year
prepared by an employer.
 It indicates:
✓ the cumulative gross earnings of the employee,
✓ medicare earnings,
✓ earnings from social security, and
✓ all tax deductions over the previous year.

FORM W-2 Cont’d
 The Internal Revenue Service (IRS) uses the W-2

forms to track individual tax o...


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