Explain the Difference Between Form W-2 and W-4 Including Why

question 24

Essay

Explain the difference between Form W-2 and W-4 including why each form is needed by employers to complete payroll activities.

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Definitions:

Learned Needs

Needs that are acquired or developed over time as a result of life experiences, cultural exposure, or the influence of social interactions.

Achievement

The accomplishment of an aim or purpose, often associated with a sense of pride and fulfillment.

Affiliation

The need or desire of individuals to connect, belong, or be associated with groups or other people.

Power

The ability to influence or control the behavior of people or the course of events.