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Category > Business & Finance Posted 13 Feb 2019 My Price 2.00

Week 5 Discussion Distinction Between Independent Contractors and Employees

Week 5 Discussion Distinction Between Independent Contractors and Employees

After reviewing the scenario, identify at least three (3) key benefits that you could negotiate with your employer or potential employer that could reduce your tax liability. Provide specific examples of such benefits.

 

1) Increase the amount of income you contribute to your 401K

For example: If your 401K is not fully funded the IRS’s annual limit is 17,500 in 2014 and $18,000 in 2015.

2) The Automobile Expense. 56 cents per mile driven for business purposes, and 23.5 cents per mile driven for medical or moving purposes can be saved for 2014

 

3) You can work from home-set aside a room in your home that I can be use strictly for work use. This would allow you to take the home office deduction.

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SmartExpert
(118)
Status NEW Posted 13 Feb 2019 08:02 AM My Price 2.00

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Attachments

file 1550048153-Week 5 Discussion Distinction Between Independent Contractors and Employees.docx preview (270 words )
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