Explain why should receive a higher hourly rate than

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Problem 1. Do you receive a form 1099? Why should you receive a higher hourly rate than if you were issued a W-2 Form (this relates to the self-employment tax of 15.3% based on 7.65% as the withholding from the employee and the match paid by the employer as payroll taxes).

Problem 2. W-2's must be mailed to employees by January 31 each year. The employer must submit W-2 information to the government no later than February 28 each year. What are some the challenges doing this?

Reference no: EM132689597

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