Payroll Service For Small Businesses - If the worker is an employee, the employer may be required to withhold federal income tax, Social Security and Medicare tax and may have to pay federal unemployment tax. If the worker is an independent contractor, the worker pays his or her own Social Security and Medicare taxes in the form of self-employment tax. Additionally, independent contractors may be prohibited from participating in certain employee benefit plans. Considering a Tax Professional? For no obligation free consultation contact us today!
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