Business FinancesQuestion 282 of 1605
What tax form does an employer issue to each EMPLOYEE at the end of the year to report wages and withholding?
a.Form 1099-NEC
b.Form 1040
c.Form W-2
d.Form W-9
Explanation
Employers issue a Form W-2 to each employee, reporting annual wages and amounts withheld for income, Social Security, and Medicare taxes. The 1099-NEC is for non-employees, and the W-9 collects a payee's taxpayer identification number.
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Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)