Using the scenario below, fill out the W-4 form using the information provided. Then, read the W-2 form, and answer the questions. Source of Forms: www.irs.gov Also, note that the scenario is completely fictitious and is used only for educational purposes. Susy Q Jones is starting a new job. She is 23 years old and graduated from college with no student loan debt. This is her only job, and she makes a salary that allows her to bring home $3,300 a month. She is not married and has no children or anyone else who is supported by her income. Over the past year, she has given a total of $3,960 to charity. Her address is 1234 Broad Street, Philadelphia, PA 18888, and her Social Security number is 789-56-1234.

Questions:

What are three key differences between the W-4 form and the W-2 form?

How much federal income tax was withheld from Susy's paycheck?

How much social security tax was withheld from Susy's paycheck?

Why do you think employers are required to give each of their employees a W-2 form?

If you are an employee, when should you receive your W-2 form from your employer?

What would you do if you had a job and didn't receive a W-2 form from your employer by the deadline?