MANAGEMENT

BUISENESS MANAGEMENT

TAXES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Form that an employer must send to an employee (usually in January) and the IRS at the end of the year to report the employee’s annual wages and taxes withheld from their paycheck
A
W-2
B
W-4
C
1040
D
1099-INT
Explanation: 

Detailed explanation-1: -758 Form 941 – Employer’s Quarterly Federal Tax Return and Form 944 – Employer’s Annual Federal Tax Return | Internal Revenue Service.

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.

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