A Self-Employed Individual Has Earnings from His Business of $300,000

question 16

True/False

A self-employed individual has earnings from his business of $300,000.For the earnings in excess of the $118,500,he will only have to pay the 2.9% Medicare tax.

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Definitions:

Nonrelevancy Error

An error made during the employee appraisal process where information irrelevant to job performance influences the evaluation.

First-impression Error

is a bias in evaluation or judgment where early information or initial impressions unduly influence someone's perception of another person or situation.

On-the-job Training

A method of professional development where employees acquire skills and knowledge during the course of their regular work activities, often under the guidance of experienced colleagues.

Vestibule Training

A training method where employees are trained in a separate space (a 'vestibule') using the equipment and tools that they will use in their actual work, but within a simulated work environment.