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Supplements to the Statistical Bulletin Sample SurveysHousehold Income and Wealth in 2004New seriesYear XVI Number 7 January 20061CONTENTS page 1. Introduction .....................................................................................................................
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What is 1 income and employment?
1 Income and Employment refers to the documentation or reporting required by employers and employees regarding income earned and employment status for tax purposes.
Who is required to file 1 income and employment?
Both employers and employees are required to file 1 Income and Employment. Employers must report wages paid, while employees report their income for tax liabilities.
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Information that must be reported includes names and addresses of the employer and employee, Social Security numbers, total wages paid, tax withheld, and other pertinent employment details.
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