Discuss the primary tax consequences or tax deductions

Assignment Help Taxation
Reference no: EM13863997

Question:

Distinction Between Independent Contractors and Employees" Please respond to the following:

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.

Imagine that a potential employer has given you the opportunity to work as either an employee or an independent contractor. Identify at least three (3) pros and three (3) cons of each option.

Discuss the primary tax consequences or tax deductions of each classification that you believe provide the greatest opportunity to reduce your overall tax liability.

Provide support for your rationale

Verified Expert

Reference no: EM13863997

Questions Cloud

How bcbs is using analytics to improve their business : Write a paper that expands on the discussion as to how BCBS is using analytics to improve their business and save time and money. Address how they incorporated the software system into their daily business
How does the structure of dna : How does the structure of DNA (double helix) determine how the genetic information is passed on? How does the cell use the information contained in the DNA to construct proteins (transcription and translation)? How is gene expression regulated (give ..
A mitochondria in a multi cellular animal : How is a mitochondria in a plant different from a mitochondria in a multi cellular animal?
Water and proteins and everything is jiggling : Video 1 : https://www.youtube.com/watch?feature=player_embedded&v=wJyUtbn0O5Y  shows actin polymerizing. The cell seems very empty, and somehow the actin molecules seem to know to run right where they are needed. Really, a cell is crowded with water ..
Discuss the primary tax consequences or tax deductions : Discuss the primary tax consequences or tax deductions of each classification that you believe provide the greatest opportunity to reduce your overall tax liability.
What are the leader''s behaviors and characteristics? : What are the leader's behaviors and characteristics?
Determine the needs of the stakeholders : In developing your logic model, you must follow the following steps in order: Determine the needs of the stakeholders. Develop the desired outcomes. Determine the available inputs
Discovery of cells and microscopic organisms : Explain the role of the microscope in the discovery of cells and microscopic organisms.
What potential torts are demonstrated in the scenario : If an employer has an ethical obligation to take corrective or preventative action, to whom does that obligation extend and what should that obligation entail? Does the employer owe any ethical obligation to the employee in such situations? What po..

Reviews

Write a Review

Taxation Questions & Answers

  Question janice morgan age 32 is single and has no

question janice morgan age 32 is single and has no dependents. she is a freelance writer. in january 2011 janice opened

  If fixed costs are billed using actual rate and budgeted

if fixed costs are billed using actual rate and budgeted usage. could the use of budgeted usage potentially cause some

  Who determines the amount of each tax

List all of the taxes (percent, amount, etc.) found on the receipt. Who determines the amount of each tax. Where does revenue from this tax go. What does it fund

  Payment to the taxpayer

Brief statement in your own words of the facts of the cases.

  Partnership return for the lawson and norman enterprises

Prepare the Partnership Return for the Lawson And Norman Enterprises for the year of 2014 and Schedule K-1 for both partners. The following Forms are needed to complete the Return:

  Which of current tax policy impact on housing affordability

Which of the current tax policies impact on housing affordability; and Whether changing any of the specific tax laws that currently contribute to making housing less affordable is desirable.

  Compute the taxable income for 2012 for aiden

Compute the taxable income for 2012 for Aiden on the basis of the following information.

  What are the capital gains implications

Baz Baxter always wanted be a pilot but for the moment works as an air traffic controller at the local airport and is employed by the Department of Aviation. Baz holds a pilot's licence and during the current income year incurs $1500 expenses conn..

  What are u.s. tax consequences of liquidation for winco

What are the U.S. tax consequences of this liquidation for Winco - How does the United States tax Erica's activities? How would your answer change if Erica were a self-employed technician rather than an employee?

  What is the source of his salary from sails international

What factors affect the choice of a cash or accrual basis and does Lee have a choice of the basis he adopts?

  Xyz company is allowing for purchasing an asset for 100000

xyz company is allowing for purchasing an asset for 100000 that has a 5 year useful life and a 20000 salvage value.

  Ethical cases in the past 15 years or so where corporations

cases in the past 15 years or so where corporations have committed unethical business practices and the resulting

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd