Carolyn operates a consulting business as a sole proprietor (unincorporated). Carolyn has been approached by one of
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Carolyn operates a consulting business as a sole proprietor (unincorporated). Carolyn has been approached by one of her major clients to become an employee. If she accepts the new job, she would no longer operate her consulting business. From the standpoint of paying Social Security taxes, would Carolyn’s Social Security taxes increase or decrease if she becomes an employee? Why? (Assume Carolyn will earn less than $200,000.)
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Federal Taxation 2018 Comprehensive
ISBN: 9780134532387
31st Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
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