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Yes...as long as recepient had control of the money/check...doesn't matter what he did with it.

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16y ago

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Related Questions

What does the w in w2 stand for?

Wages (income)


How can I properly pay W2 employees?

To properly pay W2 employees, you need to calculate their wages based on their hourly rate or salary, deduct taxes and other withholdings, and issue paychecks on a regular schedule. It's important to comply with labor laws and provide accurate pay stubs detailing the earnings and deductions.


Should wages on a W2 form match federal wages?

Yes, the wages reported on a W-2 form should match the federal wages for tax purposes.


What does it mean to work W2?

W-2 is above the table-reported wages.


What is the difference between a W2 and a W4 form?

The W$ form is your request for the withholding of taxes from pay. The W2 is a statement of wages paid and taxes withheld.


Do you receive money from a W2 form?

Yes, if you receive money from a W2 form, it means you are an employee who receives wages or salary from an employer and taxes are withheld from your paycheck.


What is 414h on a W2 form in New Jersey?

414h on a W2 form in New Jersey refers to the amount of state disability insurance withheld from an employee's wages.


What is the all-inclusive meaning of the keyword "W2"?

The keyword "W2" refers to a tax form that employers provide to employees, summarizing their annual wages and the amount of taxes withheld.


How is box 16 on a W2 form calculated?

Box 16 on a W2 form is calculated by adding together the total amount of state wages subject to unemployment insurance tax.


Why does my tax refund decrease when I add another W2?

When you add another W2, it may increase your total income, which can push you into a higher tax bracket. This can result in a lower tax refund or even owing money to the government because more taxes may need to be withheld from your paychecks.


What is the difference between a W2 and a 1099 form?

A W2 form is used by employers to report wages and taxes withheld for employees, while a 1099 form is used by businesses to report payments made to independent contractors or freelancers.


Can you describe what a W2 looks like and how to interpret the information on it?

A W2 form is a tax document that shows how much money you earned and how much tax was withheld by your employer. It includes information such as your wages, tips, and other compensation, as well as any taxes withheld. You can use the information on your W2 to file your income taxes accurately.