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Is an owner of a company an employee 2024?

Amelia Kim | 2023-05-08 00:39:21 | page views:1268
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Scarlett Lee

Studied at the University of Oxford, Lives in Oxford, UK.
Many business owners assume that because they receive a salary, they should pay income tax on that salary as if they were an employee. The IRS does not agree. The owner in such a case is not an employee, and must therefore pay self-employment tax.
2023-05-17 00:39:21

Ethan Brown

QuesHub.com delivers expert answers and knowledge to you.
Many business owners assume that because they receive a salary, they should pay income tax on that salary as if they were an employee. The IRS does not agree. The owner in such a case is not an employee, and must therefore pay self-employment tax.
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