Finish symbol in the Form W2

Aug 6th, 2022
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The W-2 reports income, income tax, Social Security contributions and Medicare tax. It is the equivalent to a Canadian T4 Statement of Remuneration Paid (T4 slip).
Box 1 (Required) Print first name, middle initial, last name, home address, city, state, and zip code. Box 2 (Required) Complete with nine-digit social security number. Box 3 (Required) Must have a check mark in one box only. Box 4 (Optional) Place a check mark in the box only if your last name differs from that shown
On the W-4, withholding allowances refer to the number of exemptions that an employee can claim on their wages to reduce the amount of taxes taken out of their paycheck. Generally, the more allowances claimed, the less tax that will be taken from each paycheck throughout the year.
The W-4 form tells the employer the amount of tax to withhold from an employees paycheck based on their marital status, number of allowances and dependents, and other factors. The W-4 is also called an Employees Withholding Allowance Certificate.
The W-2 form is a United States federal wage and tax statement that an employer must give to each employee and also send to the Social Security Administration (SSA) every year. Your W-2 Wage and Tax Statement itemizes your total annual wages and the amount of taxes withheld from your paycheck.
Purpose of Form. Complete Form W-4 so that your employer can withhold the correct federal income tax from your pay. If too little is withheld, you will generally owe tax when you file your tax return and may owe a penalty. If too much is withheld, you will generally be due a refund.

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