One Significant Benefit of an Employer's Completing an IRS Form

question 58

True/False

One significant benefit of an employer's completing an IRS Form SS-8 is that even if the employer does,in fact,misclassify a worker,the proper completion of the form may evidence a good faith effort by the employer,reducing or even eliminating IRS penalties for misclassification.

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Definitions:

Economic Generalizations

General statements that summarize common relationships or patterns within an economy, often derived from empirical observations and economic theory.

Purposeful Behavior

Actions taken with intention and goal-directed motivation, often considered in economic theory as rational choice.

Economic Theories

Conceptual frameworks explaining how economies function and the relationships between different economic agents and factors.