Employers Must Provide a Form W-2

question 19

Multiple Choice

Employers must provide a Form W-2:

• A)To the employee by February 28.
• B)If requested by a terminated employee,the later of 30 days of the employee's request for his/her Form W-2 or within 30 days after the last wage payment is made.
• C)To the Social Security Administration by January 31 after the end of the year.
• D)To the state of the employee's residence by January 31.

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Definitions:

Variable Cost

Expenses that change in proportion with production output or sales, such as materials and labor.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, like lease payments, wages, and coverage fees.

Selling Price

The amount for which a good or service is sold, determining the revenue generated from sales activities.

Variable Cost

Costs that change in proportion to the level of activity or volume of production in a business.