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2. 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 ...

3. Subcontractor - Wikipedia

   en.wikipedia.org/wiki/Subcontractor

   A subcontractor is a person or business which undertakes to perform part or all of the obligations of another's contract, and a subcontract is a contract which assigns part of an existing contract to a subcontractor. A general contractor, prime contractor or main contractor may hire subcontractors to perform specific tasks as part of an overall ...

4. Misclassification of employees as independent contractors

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

   These taxes are generally not paid by the employer on the compensation of a worker classified as an independent contractor. Instead, the contractor is responsible for their employer's share of the taxes when paying self-employment taxes at the end of the year. [2] Classification affects whether a worker can receive unemployment benefits.

5. Types of business insurance - AOL

   www.aol.com/finance/types-business-insurance...

   This insurance protects your employees if they get hurt or sick on the job. It pays for any medical care they need, saving you from having to cover the bill (or ending up in court over it). And it ...

6. Construction contract - Wikipedia

   en.wikipedia.org/wiki/Construction_contract

   A subcontractor agreement is a contract primarily between a builder or a principal contractor and subcontractor. It outlines the perimeters of specialist work to be done for the construction project. [ 6 ]

7. McNamara–O'Hara Service Contract Act - Wikipedia

   en.wikipedia.org/wiki/McNamara–O'Hara_Service...

   The Act requires general contractors and subcontractors performing services on prime contracts in excess of $2,500 to pay service employees in various classes no less than the wage rates and fringe benefits found prevailing in the locality as determined by the United States Department of Labor, or the rates contained in a predecessor contractor's collective bargaining agreement.

8. Statutory employee - Wikipedia

   en.wikipedia.org/wiki/Statutory_employee

   A statutory employee is an independent contractor under American common law who is treated as an employee, by statute, for purposes of tax withholdings. [1] For a standard independent contractor, an employer cannot withhold taxes.

9. Time and materials - Wikipedia

   en.wikipedia.org/wiki/Time_and_materials

   Time and materials (T&M) is a standard phrase in a contract for construction, product development, or any other piece of work in which the employer agrees to pay the contractor based upon the time spent by the contractor's employees and the subcontractors' employees to perform the work, and for materials used in the construction, plus the contractor's markup on the materials used, no matter ...