The statement which best describes the purpose of this document is that: B. It shows how much a person earned, and how much was withheld in taxes.
What is a W-2 form?
A W-2 form can be defined as an internal revenue service (IRS) tax form which is used to indicate the amount of money earned and correct federal income tax that should be withheld from an employee's paycheck in the United States of America.
In this context, we can infer and logically deduce that the statement which best describes the purpose of this document (W-2 form) is that it shows the amount of money a person earned, and how much was withheld in taxes.
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