1099 vs W-2: The difference between employees and contractors
BMT Office Administration
NOVEMBER 16, 2022
You will notice that the IRS publication PDF of the form has several copies. Social security wages. This is the total compensation paid to the employee that is subject to social security tax. Wages of up to $147,0000 are subject to social security taxes for tax year 2022. Social security tax withheld.
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