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13 September, 13:48

Which of the following shows the amount of money paid to an employee and the amount paid already in taxes?

1040 EZ

W-2

1099

1040

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Answers (1)
  1. 13 September, 14:03
    0
    Answer: Option W-2

    Explanation:

    W-2 is the form that indicates that the employer withholds the taxes and then has paid the salary to the employee. This form determines if an individual will receive refund or if he has to pay additional taxes for the year.

    1040 is the form for single tax payer or couple with no children files income taxes. 1040 EZ is the form for young people whose incomes are easier to understand and simple. 1099 represents the interest income earned and other income from the investments made for the previous year.
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