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WESTERN
ILLINOIS
UNIVERSITY
QUAD CITIES
INSIDE
THIS
ISSUE:
Faculty
ActivitiesCounseling Connections
W W W. W I U. E D U / C O U N S E L O R E DNew Faculty 4
Highlight
60 Hour
Transition4Counseling
Association5PACERS5ACA
Conference6Chi
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What is w i u?
The W-2 Form is used to report wages, tips, and other compensation paid to employees, as well as taxes withheld.
Who is required to file w i u?
Employers are required to file a W-2 for each employee who receives $600 or more in compensation during the calendar year.
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To fill out a W-2, employers must provide information such as the employee's wages, tips, other compensation, and federal, state, and other taxes withheld on the appropriate lines.
What is the purpose of w i u?
The purpose of the W-2 is to report an employee's annual income and the amount of taxes withheld from their paycheck for income tax purposes.
What information must be reported on w i u?
The W-2 must report the employee's total wages, tips, other compensation, Social Security wages, Medicare wages, and the federal income tax withheld.
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