The Employee's Earning Record is primarily used to produce what at the end of the year?

The Employee's Earning Record serves as a detailed account of an employee's earnings throughout the year, including wages, bonuses, deductions, and other compensation. This record is crucial at the end of the year when preparing various tax documents. The primary use of the Employee's Earning Record is to provide the necessary information for generating the W-2 form.

The W-2 form summarizes the total earnings and tax withholdings for an employee for the entire year, which is then provided to the employee for their tax filing purposes. Thus, the information contained in the Employee's Earning Record directly translates to what is reported on the W-2, making it indispensable for accurate reporting and compliance with tax obligations. This connection between the Earning Record and the W-2 form highlights the critical role of accurate payroll documentation in the reporting process.