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Katie C Norris of C Norris Wealth Management discusses understanding Form W2 in this video tutorial. Employers issue W2s to employees who received at least $600 in cash and cash equivalents, with taxes withheld. The form contains important information like the employee's Social Security number (Box A), employer identification number (Box B), current address (Box C), and control number (Box D). It is crucial to verify the accuracy of this information.