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Employers must report the incomes of employees and independent contractors using the IRS forms W-2 and 1099, respectively. Employers pay various taxes (i.e. Social Security and Medicare taxes, unemployment taxes, etc.) on the wages of a worker that is classified as an employee. These taxes are generally not paid by the employer on the ...
Its headline number is the seasonally adjusted estimate for initial unemployment claims filed during the previous week in the US. Since this statistic is published weekly, it is commonly depended on as a current indicator of the labor market and the economy generally. In 2016, the number of people on unemployment benefits fell to around 2.14 ...
Form W-2, 2016. Form W-2 (officially, the "Wage and Tax Statement") is an Internal Revenue Service (IRS) tax form used in the United States to report wages paid to employees and the taxes withheld from them. [1] Employers must complete a Form W-2 for each employee to whom they pay a salary, wage, or other compensation as part of the employment ...
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Unemployment is not meant to be sick leave, but a loophole in this rule potentially nets you benefits if you need them. Learn: Private Sector Added 807,000 Jobs in December, Still 4 Million Short ...
Initial claims for state unemployment benefits dropped 22,000 to a seasonally adjusted 220,000 for the week ended Dec. 14, the Labor Department said. Economists polled by Reuters had forecast ...
The Virginia Employment Commission (VEC) is an agency of the Virginia state government that provides benefits and services to unemployed citizens, such as employment programs. [ 1 ] [ 2 ] The agency currently runs a monthly newsletter, sends monthly reports to the Virginia General Assembly , and issues press releases.
A Virginia woman who admitted to leading a scheme meant to defraud the government out of over $1.5 million in coronavirus unemployment benefits has been sentenced to a decade behind bars.