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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 ...
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.
Additionally, the doctrine of strict liability means that, in some cases, independent contractors are not immune from claims of negligence even if some other party breached a non-delegable obligation. This can occur when some other nondelegable duty of the independent contractor which functions toward the same end is also breached. [25]
The independent contractor files a Form 1040, just like an employee. However, there is a significant difference in how income is reported for contractors. However, there is a significant ...
With jobs scarce and money tight these days, the prospect of working as an "Independent contractor," and getting a full paycheck with no big bites taken out for taxes and other obligatory expenses ...
The ruling upholds a voter-approved law passed in 2020 that said drivers for companies like Uber and Lyft are independent contractors and are not entitled to benefits like overtime pay, paid sick ...
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