Vita exam qa 2024 rated a - Study guides, Class notes & Summaries

Wages and Salaries - Answer--W-2 form -most common -Reports total income, withholdings, and other taxes from employer Tip Income - Answer--W-2 box 8 -all tip is taxable and generally reported on W-2 Scholarship Income - Answer--1098-T to report qualified tuition and related expenses deemed necessary for an institution -excess scholarship is taxable income -Any scholarship, grants, or fellowships used for qualified expenses are non-taxable income -If they are used for non-qualified ex...