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What is the difference between a W-2 and 1099?

April 26, 2017difference W-2

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What is the difference between a W-2 and 1099?

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W-2 is for employees who get salary from us after all the tax deductions, medical costs and other charges. 1099 is for consultants who receive the gross salary, and they themselves are responsible for paying all the taxes and other charges.