Each January, employers send employees a form, which lists income
and withholdings.
A. 1099
B. W-4
C. 1040
D. W-2

Question

10-06-2024
Business

Answered

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Each January, employers send employees a form, which lists income
and withholdings.
A. 1099
B. W-4
C. 1040
D. W-2

Sagot :

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GinnyAnsweridn GinnyAnsweridn · Answer 1 · 2024-06-10T10:27:57-04:00

Final answer:

Form W-2 is for employees, Form 1099 is for independent contractors, and Form 1040 is the individual tax return form.

Explanation:

Form W-2 is the form that employers send to employees each January, listing income and withholdings.

Form 1099, on the other hand, is typically used for independent contractors and freelancers to report income.

Form 1040 is the individual income tax return form that US citizens and residents must file annually, detailing their income, deductions, and credits.

Learn more about Tax Forms here:

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Final answer:

Explanation:

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