Which form is typically used for reporting employee earnings at the end of the year?

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The form used for reporting employee earnings at the end of the year is Form W-2. This form is essential as it provides a comprehensive summary of an employee's earnings and the taxes withheld throughout the year. Employers are required to issue Form W-2 to their employees by January 31 of the following year.

The W-2 includes critical information such as total wages earned, Social Security and Medicare taxes withheld, and federal and state income taxes withheld. Employees use this information to complete their individual income tax returns and ensure compliance with tax obligations.

The other forms mentioned serve different purposes: Form I-9 is used to verify the identity and employment authorization of individuals hired for employment in the United States; Form 941 is a quarterly report of payroll taxes owed to the IRS; and Form W-4 is completed by employees to determine the amount of federal income tax withholding from their paychecks. While these forms are important in payroll processing and tax reporting, they do not specifically report employee earnings at the end of the year like Form W-2 does.

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