2006-09-17 03:16:41 · 5 answers · asked by tj maxx 1 in Politics & Government ➔ Law & Ethics
Actually a W2 is your earnings statement for the year. I think you are referring to a W4, maybe? And yes, because taxes have to be paid. Your employer would face some heavy fines if he/she were to not take taxes from your wages. You are legally not supposed to work UNTIL all your tax forms are complete, so if you didn't sign one, I'd suggest hopping to it. Unless, of course, you are going to be 1099ed at the end of the year, and then will have to pay your taxes in one large chunk come April...
2006-09-17 03:27:06 · answer #1 · answered by Randi L 5 · 1⤊ 0⤋
Yes, a company is required by law to withhold taxes. If you as the employee doe not return a proper W2 they are not suppose to keep you employed, but can also use a verbal agreement as to what to use as the withholdings, the signed W2 is only proof that you wanted a certain rate withheld, because if you file an improper withholding amount, you could owe penalties at the end of the year.
But taxes on payroll have to be paid.
2006-09-17 03:39:11 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Most employers will check during the hire in process that all documents are signed. Then another person usually checks before everything goes into the employee file.
2006-09-17 03:25:52 · answer #3 · answered by newspapermaker 2 · 0⤊ 0⤋
Yes. The W2 is where you say how many deductions you want. It is not permission for tax collection.
2006-09-17 03:20:02 · answer #4 · answered by deana_joe 2 · 0⤊ 1⤋
Do you mean a w-4 form?
2006-09-17 05:37:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋