If an Employer Does Not Make Any Withholding from a Worker's

question 10

True/False

If an employer does not make any withholding from a worker's pay for taxes, then the IRS deems the worker to be an independent contractor.

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Definitions:

Fringe Benefit

Additional compensation provided to an employee beyond their regular salary, such as health insurance, pension plans, and paid time off.

Wage Controls

Government-imposed limits on the wages that can be offered or paid to workers within an economy.

World War II

A global conflict that lasted from 1939 to 1945, involving most of the world's nations.

Medicare

A federal program that provides for (1) compulsory hospital insurance for senior citizens, (2) low-cost voluntary insurance to help older Americans pay physicians’ fees, and (3) subsidized insurance to buy prescription drugs. Financed by payroll taxes.