Do you know what a W-2/W-4 is?

2 ⤊

Do you know what a W-2/W-4 is?

this has to do with work and taxes

2007-02-13 12:42:45 · 2 answers · asked by Need to know 2 in Business & Finance ➔ Taxes ➔ United States

2 answers

A W-4 is a form that you fill out for your employer that tells them how much income tax to deduct from your wages.

A W-2 is a form you get from your employer that says how much you made, and what was taken out for taxes and possibly for other items, the previous year. This information is also sent to the IRS.

2007-02-13 13:00:41 · answer #1 · answered by Judy 7 · 1⤊ 0⤋

yes
w2 shows tax withheld on income and amount of that income.

w4 shows number of exemtions and worker's filing status.
like single claiming no dependents
or married claiming two, ect.
this sets up how much tax will be deducted from your income.

2007-02-13 12:59:31 · answer #2 · answered by cork 7 · 1⤊ 0⤋