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  2. How W-2 Employees Are Taxed Differently Than 1099 Contractors

    www.aol.com/finance/w-2-employees-taxed...

    The main difference between W-2 employees and 1099 contractors is whether ... Hiring a W-2 employee vs. a 1099 independent contractor. Employees and freelancers can benefit your business in ...

  3. 1099 vs. W-2 Employee: What’s the Difference and What ... - AOL

    www.aol.com/1099-vs-w-2-employee-235407110.html

    W-2 Employee. 1099 Contractor. Tax withholding. Employer withholds state and federal taxes, as well as Social Security and Medicare taxes. These taxes are sent to the IRS on the employees’ behalf.

  4. Independent contracting in the United States - Wikipedia

    en.wikipedia.org/wiki/Independent_contracting_in...

    The distinction between independent contractor and employee is an important one in the United States, as the costs for business owners to maintain employees are significantly higher than the costs associated with hiring independent contractors, due to federal and state requirements for employers to pay FICA (Social Security and Medicare taxes) and unemployment taxes on received income for ...

  5. Misclassification of employees as independent contractors

    en.wikipedia.org/wiki/Misclassification_of...

    Employees and independent contractors have very different benefits. Employees are entitled to the protection of wage and hour laws and are protected from discrimination and retaliation by employers. Employees may be legally entitled to family medical leave and benefits such as medical insurance and pension plans.

  6. Do you have employees or independent contractors? - AOL

    www.aol.com/2008/01/08/do-you-have-employees-or...

    Business owners (especially new ones) often look toward independent contractors to help complete their work. If you have an outside person who does an occasional project with you, independent ...

  7. Personal service corporation - Wikipedia

    en.wikipedia.org/wiki/Personal_service_corporation

    A person is an employee-owner of a personal service corporation if both of the following apply: [2] 1. They are an employee of the corporation or perform personal services for, or on behalf of, the corporation (even if they are an independent contractor for other purposes) on any day of the testing period 2.

  8. Employment contract - Wikipedia

    en.wikipedia.org/wiki/Employment_contract

    The contract is between an "employee" and an "employer". It has arisen out of the old master-servant law, used before the 20th century. Employment contracts relies on the concept of authority, in which the employee agrees to accept the authority of the employer and in exchange, the employer agrees to pay the employee a stated wage (Simon, 1951).

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