W2 FORM CHEAT SHEET
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BOX 1
![](https://lwfiles.mycourse.app/65c18028c3569cc0c1eafd8f-public/b27d765f41c55b528894df59459ee2f9.png)
What It Is: This box shows how much money you made that the government can tax. Think of it as your paycheck before taxes are taken out.
Why It Matters: It's the starting point to figure out your tax rate and if you can get certain tax breaks or need to pay extra.
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BOX 2
![](https://lwfiles.mycourse.app/65c18028c3569cc0c1eafd8f-public/359ce2be09148c87e790b33c235becaa.png)