1099 vs W-2: The difference between employees and contractors
BMT Office Administration
NOVEMBER 16, 2022
Does the business provide all necessary tools or equipment or does the worker provide their own tools? 1099 workers also are not generally paid through regular payroll and do not typically have taxes withheld from their checks or deposits. Wages of up to $147,0000 are subject to social security taxes for tax year 2022.
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