Key Difference – Social Security vs SSI Independent agencies in governments of countries operate a number of programs for the benefit of the citizens. Social Security and SSI (Supplemental Security Income) are two such programs offered by the Social Security Administration (SSA) in the United States. The key difference between social security and SSI […]
Difference Between Defined Benefit and Accumulation Fund
Key Difference – Defined Benefit vs Accumulation Fund Making periodic contributions to a fund with the expectation of using them for a future purpose is common among individuals and firms. Although different in structure and beneficiaries, both defined benefit and accumulated fund serve this same purpose. The key difference between defined benefit fund and […]
Difference Between Federal Tax ID and EIN
Federal Tax ID vs EIN Both Federal Tax ID and EIN refers to a unique nine-digit number assigned by the Internal Revenue Service (IRS) to business entities operating in the United States. These two terms are synonyms, and there is no difference between Federal Tax ID and EIN although some people assume that they have different meanings. The term EIN […]
Difference Between IRS 1040 and 1040A and 1040EZ
Key Difference – IRS 1040 vs 1040A vs 1040EZ IRS 1040, 1040A and 1040EZ are three forms that taxpayers can use to file federal income tax return with IRS in the United States. The information requirement, complexity, and eligibility of taxpayers in each form are different from one another. The key differences between IRS 1040, […]
Difference Between Wealthfront and Betterment
Key Difference – Wealthfront vs Betterment With the number of investing opportunities increasing day by day, it is often difficult to select the most suitable option for independent investors. Robo-advisers are a relatively new development which substitutes human investment advisors. Robo-advisers are also cost effective as they usually cost only around one-third of the […]
Difference Between Pension Plan and Retirement Plan
Key Difference – Pension Plan vs Retirement Plan Planning for income during the retirement age is crucial for all individuals and a number of options are available to make such arrangements. The terms pension plan and retirement plan are often used interchangeably. However, they are different from one another. The key difference between pension […]
Difference Between W9 and 1099
Key Difference – W9 vs 1099 Tax filing can often be confusing with an abundance of related paperwork that bears various names and identifiers. W9 and 1099 are such two forms used for tax filing under the regulations of Internal Revenue Service (IRS). The key difference between W9 and 1099 is that W9 is […]
Difference Between Box Pleat and Inverted Pleat
Key Difference – Box Pleat vs Inverted Pleat A pleat is made by folding a garment or other fabric made of cloth and making stitches to secure its place. Pleats can be used to arrange a piece of fabric with greater volume in a more decorative manner to improve detail and texture. A number […]
Difference Between I9 and W9
Key Difference – I9 vs W9 Employee verification and tax collection are two vital elements that governments are interested in. Governments in many countries have specified a number of rules and regulations for tax collection and employee verification. I9 and W9 are two forms used for such activities in the United States to ensure […]
Difference Between Annual Leave and Holiday Pay
Key Difference – Annual Leave vs Holiday Pay Annual leave and holiday pay are two important types of leaves where employees are granted time off work. Labor laws in countries have been stringent during the last decade and as a result, annual leave policies are well established around the world. Leave policy is often […]
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