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What is the difference between a W-2 and a W-4 form?

April 26, 2017answersearch.info Business Finance form taxes United W-2 W-4

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What is the difference between a W-2 and a W-4 form?

2 Answers

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W-4 form is what you fill out to help the payroll dept figure out how much federal and state withholdings to take out of your paycheck. W-2 is what you get at year end that has all of the paycheck information for the entire year.

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In the past I have only had to fill out w-2 forms. Now, I am switching jobs and they require that I only do a w-4 form. Can someone please tell me what the difference is? I am in Minnesota and also in sales (not 100% commission) if that makes a difference.