FORMS
A form completed by an employee to indicate their tax situation.
What is a W-4 Form?
The amount an employee earns before all deductions.
What is Gross Pay?
A form that an employer must send to an employee and the IRS by January 31st.
What is a W-2 Form?
The amount of money an employee receives after all payroll deductions are subtracted.
What is Net Pay?
The standard Internal Revenue Service (IRS) form that individuals can use to file their annual income tax returms.
What is a 1040 Form?
Working as a freelancer or owner of a business rather than for an employer.
What is Self-Employed?
The form used by an employer to verify an employee's identity and to establish that the worker is eligible to accept employment in the United States.
What is the I-9 Form?
Any income (wages/salary) that is generated by working.
What is Earned Income?
A form that details all "non-employee" compensation, including for specific jobs like freelancers or contractors.
What is the 1099 Form?
Income received from sources oter than employment.
What is Unearned Income?