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hello my name is Katie sonorous with sonorous Wealth Management and in this video I would like to talk about the differences between two forms W 2 and W 4 lets get going [Music] first of all lets take a brief look at both of those forms this is your w-2 form with information about you the employee employer information and but your wages and income tax withheld and the w-4 this is new form for 2020 employees will holding certificate which will consist of personal information any information about your dependents and other adjustments and of course employers information going back to major differences first one is of course the purpose of each form form w2 is prepared once a year by your employer which basically lists your earnings including your gross pay any tips and bonuses as well as your federal tax withholdings Social Security and Medicare taxes on top of that any additional contributions to retirement plants will also be reported on the w2 worse w-4 could be completed multiple t
