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W-2 employees have that employer portion paid by the employer, but 1099 contractors have to pay for it on their own.
You use Form 1099-MISC, Miscellaneous Form to report payments to others who are not your employees. You use Form W-2 to report wages, car allowance, and other compensation for employees."
A 1099 tax form is a statement that details an amount of money that you were paid. Learn about this important tax document and the different 1099 versions.
Your paycheck stub serves as proof of income and government agencies, lenders and landlords often request them to verify your earnings. A pay stub contains all your income information, so it's a ...
You may receive a 1099 form if you have received income from Social Security, railroad retirement, unemployment, interest, work where you did not pay any income taxes or Dividend Income.
Self-employed individuals generally have to pay self-employment tax (Social Security and Medicare tax) as well as income tax. W2’s – the Employee. You are an employee and get a W2 if your...
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