What is the difference between a W-2 and a W-4?
W-2?s are filed by employers to report wages paid to each employee for whom income Social security or Medicare tax was withheld. In order to have the correct federal income tax withheld from your wages, an employee must file a W4 (Employee?s withholding Allowance Certificate). On the IRS website, use the withholding calculator for help in determining how many withholding allowances to claim on your form W-4. If no W-4 is received, the Corporation per IRS law must withhold taxes as if he or she is single with no withholding allowances.
