Statutory Employee vs IC - anon Posted: Apr 14th, 2016 - 8:45 am In Reply to: I just did my taxes and to my surprise I - Not happy
In terms of taxes, a statutory employee and IC differ in only one respect ... the employer of the statutory employee will pay a percentage of the SS and Medicare taxes, while the IC pays the full amount of both. However, in both cases you are responsible for withholding your federal taxes.
Post A Reply Reply By Email Options
Complete Discussion Below: ( marks the location of current message within thread)
|