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W2
The W-2 form is a crucial document provided by employers to their employees and the IRS at the end of each year. It outlines the employee's total earnings, tax withholdings, and other relevant information necessary for filing income taxes.
Personal Tax
Personal tax are tax people are required to pay on their income, including wages, salaries, bonuses, and other sources of income. It also includes taxes on investments, property, and other assets. Personal tax obligations vary based on income levels, filing status, and deductions claimed.
Corporate Tax
Corporate tax is a tax imposed on the profits of businesses by the government. Corporations are taxed on their earnings, typically at a different rate than individuals. The tax rates and rules vary by country and can depend on the type of corporation, its size, and the nature of its business activities.
Sales Tax
Sales tax is a consumption tax imposed by the government on the sale of goods and services. It is typically a percentage of the retail price and is collected by the seller at the time of sale. The tax amount is then remitted to the government.
Employee Retention Credit
The ERC is a tax credit provided by the U.S. government to encourage businesses to retain employees during the COVID-19 pandemic. Eligible employers can receive a refundable tax credit against certain employment taxes for qualified wages paid to employees.