The Form Showing Gross Earnings, FICA Taxes Withheld, and Income

question 36

Multiple Choice

The form showing gross earnings, FICA taxes withheld, and income taxes withheld for the year is

• A) Form W-4.
• B) Form W-2.
• C) Form 1040.
• D) Schedule A.

---

Definitions:

Tutor

An individual who provides personal, academic instruction or guidance to another, usually in a one-on-one setting.

Accord and Satisfaction

A legal settlement in which a dispute is resolved by the parties agreeing (accord) and performing (satisfaction) a negotiated agreement, often involving a payment different from what was originally due.

Substituted Contract

An agreement that replaces an existing contract, typically with the consent of all parties involved, establishing new terms and obligations.

Novation

The act of replacing one party in a contract with another party, or altering the terms of a contract, with all parties' consent, resulting in a new agreement.