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“Gig Workers” - Make Sure You Understand the Path You’re Electing
Moving from payroll-based employment to independent contracting has many desirable features, not the least of which is the element of control over when you work and what you work on. But if you’re contemplating a move in this direction, it’s a good idea to make sure you clearly understand the details of self-employment. One of the more significant of these details, of course, is the fact that you’ll be carrying the entire load on your Social Security tax (up to the wage limit, of course) as well as on Medicare tax. In a post on mercurynews.com, CBS Business News analyst Jill Schlesinger covers the subject in detail. Check it out here…
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