Let $S$ be the equivalence relation defined on $\wp(\{1, 2, 3, 4\})$ defined by: $$XSY\text{ if and only if } |X|\equiv|Y|\;\mod 2$$ Write down the equivalence classes of S.
I understand that equivalence classes have relations where it is reflexive, symmetric and transitive but how are you supposed to write equivalence classes?
What you're calling the "absolute value of a set" is actually referred to as its cardinality. For finite sets, which is the relevant case here, cardinality is how many elements are in the set. It gets a bit murkier with infinite sets but I won't bog you down with the details here.
So in short: you look at the power set of $\{1,2,3,4\}$, i.e. the set of subsets of that. You then define the relation $S$ on these sets, where two sets, $X,Y$ are related if their cardinalities satisfy $|X| \equiv |Y| \pmod 2$.
Equivalently, let $X$ have $n$ elements and $Y$ have $m$ elements, where $X,Y \in P(\{1,...,4\})$. Then $XSY$ if and only if $n \equiv m \pmod 2$.