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What is the difference between direct and indirect wages and salaries?
direct wages\salaries would be wages received from primary form of employment such as your paycheck. indirect wages\salaries would be from 1099 or contract employment or tips and things like that, any other form of wage of anykind.
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.
Which of these is the best description of a total compensation plan?
the wages and benefits an employee receives at a job...
How to read my W2 form for tax purposes?
To read your W2 form for tax purposes, look for your personal information, such as your name and Social Security number. Check the boxes for wages, tips, and other compensation, as well as any taxes withheld. Review the sections for retirement plan contributions and other deductions. Use the information on the form to accurately file your taxes.
How to read a W2 form for tax purposes?
To read a W2 form for tax purposes, look for your personal information, including your name, address, and Social Security number. Check the boxes for your income, such as wages, tips, and other compensation. Review the boxes for federal and state taxes withheld. Make sure the numbers match your records and report them accurately on your tax return.
W-2 form is what?
W-2 forms are used to report wages, tips and other compensation from employers.
What is a payment other than wages or salary call?
The word for a payment, other than wages or salary, is compensation. Compensation for work or services rendered can be in various different forms.
What is federal taxable wages?
All of your gross earned income from all worldwide sources that are paying you wages, salaries, etc for providing your services to them to earn the wages. Usually you will receive a W-2 form from the employer with amount in BOX 1 Wages, tips, other compensation that would be entered on line 7 of your 1040 federal income tax return.
What are the types of wages?
There are several types of wages, including hourly wages (based on hours worked), salary wages (fixed amount per period), commission wages (based on sales), and piece-rate wages (based on units produced). Bonuses and tips are also forms of wage compensation.
Do I have to pay taxes on wages received do to an injury?
Wages received because of an injury is usually workers compensation. That compensation is to compensate for lost wages, which would have otherwise been earned while working. Those earnings are still taxable.
Can the IRS garnish workman's compensation wages?
They and many others.
What is percent of wages paid while on compensation?
it depends where you live
What is included in gross pay?
wages and tips
What is two tier compensation package?
lower wages the the older hires
What is the difference between direct and indirect wages and salaries?
direct wages\salaries would be wages received from primary form of employment such as your paycheck. indirect wages\salaries would be from 1099 or contract employment or tips and things like that, any other form of wage of anykind.
Are tips included in wages for a garnishment in Michigan?
Tips are not included in wages that are garnished in Michigan unless they are reported as your income. If they are reported, than the up to 25 percent garnishment comes out of that.
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.
