BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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W-4
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W-2
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I-9
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None of the above
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Detailed explanation-1: -A W-2 tax form shows important information about the income you’ve earned from your employer, amount of taxes withheld from your paycheck, benefits provided and other information for the year.
Detailed explanation-2: -W2, which stands for the wage and tax statement, is a tax form given by the Staffing companies to the Candidate in the month of January every year. Tax : On W2 tax will be taken care by his/her employer as the employer withholds a part of pay. What taxes need to be paid? Federal income Tax. State Income Tax.
Detailed explanation-3: -A W2 is a tax form sent to employees each year that details salary and tax deductions. A person who is on W2 status is considered an employee. A 1099 is a tax form sent to a contractor to detail what was paid for work done for the company by the contractor.