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Form that details all non-employee compensation, including for specific jobs like freelancers or contractors
1040
Payroll tax
1099
Social Security
W-2
Medicare
Medicare
Allowances
Form that an employer must send to an employee and the IRS at the end of the year to report the employee's annual wages and taxes withheld from their paycheck
1040
Payroll tax
1099
Social Security
W-2
Medicare
Medicare
Allowances
Federal and state taxes that all employers must pay, based on a percentage of the employee's salary, toward social services such as Social Security and Medicare
1040
Payroll tax
1099
Social Security
W-2
Medicare
Medicare
Allowances
A government-run insurance program that provides healthcare assistance to low income Americans
1040
Payroll tax
1099
Social Security
W-2
Medicare
Medicare
Allowances
Employee-claimed exemptions on the W-4 to determine how much of an employee's pay to withhold from his or her paycheck for taxes
1040
Payroll tax
1099
Social Security
W-2
Medicare
Medicare
Allowances
A federal program that provides monthly benefits to millions of Americans, including retirees, military families, surviving families of deceased workers, and disabled individuals
1040
Payroll tax
1099
Social Security
W-2
Medicare
Medicare
Allowances
The standard Internal Revenue Service (IRS) form that individuals can use to file their annual income tax returns
1040
Payroll tax
1099
Social Security
W-2
Medicare
Medicare
Allowances
A government-run insurance program that provides healthcare assistance to elderly and disabled Americans
1040
Payroll tax
1099
Social Security
W-2
Medicare
Medicare
Allowances
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