BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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W-2
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W-4
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I-9
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1040
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Detailed explanation-1: -Form W-2 is completed by an employer and contains important information that you need to complete your tax return. It reports your total wages for the year and the amount of federal, state, and other taxes withheld from your paycheck. It may also contain information about: Tips.
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: -Employers use W-2s to report FICA taxes for employees. The IRS also uses W-2 forms to track individuals’ tax obligations.