Having your W2 form gives you an exact report of how much money you made in a given year. Its purpose is to provide you, the IRS, the state and federal government with your income, tax, and deduction information. This helps the IRS determine whether you get a generous tax refund or po...
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. You use this form to file your federal and state taxes.
A W2 employee has all their tax payments withheld by their employer. You as their employer withhold Medicare, Social Security, and state and federal employment taxes. A W2 employee can be let go for poor performance or other reasons. They do not work and collect payment based on a contractor...
An employee’s Box 16 amount may differ from Box 1. This is not necessarily a mistake. Some wages are exempt from federal income tax and not state income tax. W-2 Box 17: State income tax Report how much you withheld for state income tax in Box 17. If you did not withhold state ...
(b) At the request of any party to this agreement, any Claim shall be resolved by binding arbitration in accordance with the Federal Arbitration Act (Title 9, U.S. Code) (the "Act"). The Act will apply even though this agreement provides that it is governed by the law of a ...