1040 tax return and prep
fully solved & updated
w-4 form - answer the personal allowance ws
-it is filled out each time you begin a new job of if your family
status changes
-this form tells your employer how much $ to withhold from your
paycheck to pay the govt your taxes
withholding tax - answer the tax that your employer takes out of
your paycheck
W-2 wages - answer shows your total income made during the first
year and the total taxes taken out of your paycheck (sent to you by
your employer)
-you use this info to file your taxes for the IRS
- federal income, social security, medicare are all taken out of your
paycheck
form 1099 - answer shows how much $ you have made on interest or
dividends on your investments (sent to you by your bank or financial
institution)
how often to you pay taxes? - answer THROUGHOUT THE CALENDAR
YEAR
fully solved & updated
w-4 form - answer the personal allowance ws
-it is filled out each time you begin a new job of if your family
status changes
-this form tells your employer how much $ to withhold from your
paycheck to pay the govt your taxes
withholding tax - answer the tax that your employer takes out of
your paycheck
W-2 wages - answer shows your total income made during the first
year and the total taxes taken out of your paycheck (sent to you by
your employer)
-you use this info to file your taxes for the IRS
- federal income, social security, medicare are all taken out of your
paycheck
form 1099 - answer shows how much $ you have made on interest or
dividends on your investments (sent to you by your bank or financial
institution)
how often to you pay taxes? - answer THROUGHOUT THE CALENDAR
YEAR
