TermTaxes
W-2 vs 1099
A W-2 means you are an employee; a 1099 means you are paid as a contractor.
Watch out for this
1099 workers owe their own taxes — set money aside all year.
About this entry: short by design — every term in The Money Translator gets a one-sentence definition and a one-sentence reason to care. Some terms get deeper guides under the work.