Question

Which form tells you how much you were paid by a company of which you are NOT an employee and often contains income that did NOT have taxes withheld?

Answer 1

A 1099 tax statement is used to report income earned from a company by someone who is not an employee, and it does not usually include withholding for taxes.

Step-by-step explanation:

The form that reports how much you were paid by a company of which you are not an employee, and often includes income that did not have taxes withheld, is the 1099 tax statement. Independent contractors, freelancers, and members of the 'gig economy' typically receive this form because they are not traditional employees and are responsible for paying their own payroll taxes. These individuals must pay both the employee and employer portions of Social Security and Medicare taxes, which are not typically withheld by the company paying them.