What does C2c, W2 and 1099 position mean ? Explain in detail.

RichardBondMan

I have no idea what c2c means but W2 is a wage statement of earned wages, taxes withheld, 1099 is a stmt used for say interest payments paid, independend contractor monies paid.

cindyfreedman

w-2 is a form you fill out when the company you rae working for is going to work for takes out the taxes. If someone says they are w-2 they work for a company. The bigger picture means that the company they work for is taking out money, paying the worker's comp, etc. 1099 means that the person is resposnbile for handling their own taxes, insurance and workers comp. Some call this a corp to corp because people who choose the latter are inc. for tax resons and many times ask for more money because they are taking on the added aforementioned fees by the employer. I hope that helps

evesilmohan

I need the information regarding the following;

1. Who is a client
2. Who is Vendor
3. What is C2C
4. What is W-2 forms,necesssity
5. What is 1099

As these play a vital role in the recruitment process, I need the detail information to the mentioned topics. Its urgent as I have to prepare on these topics in 2 days.

Kindly do to the needful.
Waiting for the reply......