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    Tax Consequences of Employees vs Self Employed

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    How do the tax consequences differ for employees and self employed persons?

    © BrainMass Inc. brainmass.com June 3, 2020, 10:20 pm ad1c9bdddf

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    The primary difference in taxes between employees and self employed persons come in the social security and medicare contributions. The employees and their employer's each pay half of the ...

    Solution Summary

    The solution explains the differences in tax consequences for typical employees versus self employed individuals.