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W-2 breakdown understanding IRS form W-2 wage and tax statement in this particular video we look to break down the Internal Revenue Services form W-2 wage and tax statement so as to understand the specific contents that are set out by the employer as to employment compensation deductions and withholdings for services performed by the employee boxes a to f these are the employee and employer identification boxes including the employees social security number box a employees name box e and employees address box F together with the employers identification number Ein box B employers name and address box C and employers control number box D if any boxes one and two box one shows the employees total taxable income paid by their employer including taxable wages tips prizes and other compensation as well as any taxable fringe benefits it does not include elective deferrals to retirement Plans free tax benefits or payroll deductions such as not uncommon for the amount to be less than the a