Summary

Thank you - You have now completed the tax tutorial

You should now understand:

• Unless specifically excluded, all wage and salary income is taxable.
• All tip income is taxable.
• Employers report wage, salary, and tip income on Form W-2, Wage and Tax Statement.
• Employees use Form W-2 to complete their tax returns.
• Taxpayers need to report all taxable income, even if it does not appear on Form W-2.