Forms & Laws
W-2 and W-4 are part of the income tax process.
Form W-4
A Form W-4 determines the amount your employer will withhold from your paycheck for income taxes. In which the employer sends this money to the government as partial payment of your income taxes. It asks for your name, address, social security number, marital status, and the number of exemptions you are claiming for income tax purposes. Sample Form W-4
Form W-2
You will receive a Form W-2 from each company for which you worked during the year. A Form W-2 is a summary of the income you earned throughout the year and the amounts withheld for taxes. These amounts include federal,state,and local income taxes and Social Security tax. Sample Form W-2
Form I-9
The purpose of this form is to verify the employee's identity and eligibility to work in the United States.You will be required to present forms of identification, which could include a driver's license, passport, Social Security card, or birth certificate. Sample Form I-9
Minimum Wage
Minimum wage is the lowest wage that an employer may pay an employee as established by law. The federal minimum wage is $7.25 per hour. Your state may have its own established minimum wage. Click here for all minimum wage laws in the states.
Taxes and Deductions
Employers withhold social security taxes from your pay and contribute matching amounts. The amounts you earn and the amounts contributed for Social Security throughout your work life are credited to your Social Security account number. When you become eligible, usually at retirement,benefits are payed to you monthly, based upon how much you have paid into your account.
Unemployment Compensation
The Social Security Act requires every state to have an unemployment insurance program, which provides benefits to workers who lose their jobs through no fault of their own. After a waiting period, workers may collect a portion of their regular pay for a certain length of time. Usually, benefits are paid for a maximum of 26 weeks through the local state employment office. To receive benefits,a worker must have been employed for a minimum period of time ( 6 months to 1 year,depending on the state ) and for a minimum amount of earnings ( $400.00 or more per month in most states ).
Workers' Compensation
Workers' Compensation is an insurance program that pays benefits to workers and/or their families for injury, illness, or death that occurs as a result of the job. The employer is responsible for employee illnesses and injuries that are the result of employment, regardless of fault.
Form W-4
A Form W-4 determines the amount your employer will withhold from your paycheck for income taxes. In which the employer sends this money to the government as partial payment of your income taxes. It asks for your name, address, social security number, marital status, and the number of exemptions you are claiming for income tax purposes. Sample Form W-4
Form W-2
You will receive a Form W-2 from each company for which you worked during the year. A Form W-2 is a summary of the income you earned throughout the year and the amounts withheld for taxes. These amounts include federal,state,and local income taxes and Social Security tax. Sample Form W-2
Form I-9
The purpose of this form is to verify the employee's identity and eligibility to work in the United States.You will be required to present forms of identification, which could include a driver's license, passport, Social Security card, or birth certificate. Sample Form I-9
Minimum Wage
Minimum wage is the lowest wage that an employer may pay an employee as established by law. The federal minimum wage is $7.25 per hour. Your state may have its own established minimum wage. Click here for all minimum wage laws in the states.
Taxes and Deductions
Employers withhold social security taxes from your pay and contribute matching amounts. The amounts you earn and the amounts contributed for Social Security throughout your work life are credited to your Social Security account number. When you become eligible, usually at retirement,benefits are payed to you monthly, based upon how much you have paid into your account.
Unemployment Compensation
The Social Security Act requires every state to have an unemployment insurance program, which provides benefits to workers who lose their jobs through no fault of their own. After a waiting period, workers may collect a portion of their regular pay for a certain length of time. Usually, benefits are paid for a maximum of 26 weeks through the local state employment office. To receive benefits,a worker must have been employed for a minimum period of time ( 6 months to 1 year,depending on the state ) and for a minimum amount of earnings ( $400.00 or more per month in most states ).
Workers' Compensation
Workers' Compensation is an insurance program that pays benefits to workers and/or their families for injury, illness, or death that occurs as a result of the job. The employer is responsible for employee illnesses and injuries that are the result of employment, regardless of fault.