What is a statutory employee? A statutory employee is a worker who performs a job that a federal or state statute says can only be done by an employee. Workers who perform the types of jobs detailed in these statutes will be treated as employees for certain purposes, but not for others....
A sole proprietor typically reports their business income and expenses using a Schedule C form, which is filed along with the federal 1040 individual tax return. This means that all of your business’s profits (or losses) are reported on your personal tax return, and the income is subject to...
Investors juggle dozens of monthly data releases, butgross domestic product (GDP)is “king of the hill” as the ultimate measure of economic health. At a high level, GDP reports tell you if the U.S. economy is expanding or contracting and why. Companies and the Federal Reserve often base...
A Single Premium Immediate Annuity (sometimes referred to as an "SPIA") may be the right annuity for you if you are looking for payments that begin right away and continue for the rest of your life or for a specified period of time. The annuity is purchased from an insurance company ...
The Affordable Care Act makes it a shared responsibility of individuals, employers and government to ensure that as many people as possible have health insurance. The law does not require all U.S. employers to offer health insurance to their workers. Rat
题目听力原文: Identity theft is considered one of the top crimes in the United States. The Federal Trade Commission estimates that ten million Americans become victims of identity theft each year. (32) Identity thieves steal personal information. They collect Social Security nu...
Although a statutory employee receives the tax advantage of their company’s contribution toward Social Security and Medicare, the employer isn’t required to withhold any federal or state income taxes. Statutory employees are responsible for reporting their own income and paying their own taxes each...
Hurwitz added that he thinks there are legitimate national-security arguments that could be brought up here. National security can be argued because it's a federal measure, he noted. That sets this scenario apart from previously unsuccessful state-level legislation seeking ...
A statutory employee is anyone who pays half of the contribution to Medicare and Social Security. These two taxes are collectively known asFederal Insurance Contributions Act(FICA) taxes and are divided as follows: Social Securitycontributions:6.2% for the employer and the employee for a total of ...
What Is an Exempt Employee? The term exempt employee refers to a category of employees set out in the Fair Labor Standards Act (FLSA). Exempt employees do not receive overtime pay and do not qualify forminimum wage. This is based on the type of work they perform. When an employee is e...