Title: Explain the content and purpose of a standard W-2 and 1099 form.
Course: Economics and Personal Finance (19262-36) > Section: Demonstrating Knowledge of Income Earning and Reporting

Explanation should include

- a review and explanation of each part of the Wage and Tax Statement (W-2), W-4, and 1099 forms

- an identification of items transferred to income tax forms
- the advantages and disadvantages of each, particularly in terms of
  - state benefits
  - federal benefits
  - long-term financial stability.