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Greg Company agreed to pay Ms . Bilko $ 4 5 , 0 0 0 compensation for services performed for the company. a . Compare

Greg Company agreed to pay Ms. Bilko $45,000 compensation for services performed for the company. a. Compare the income tax consequences to Greg and Ms. Bilko if she is an employee or if she is an independent contractor. b. Compare the payroll tax consequences to Greg and Ms. Bilko if she is an employee or if she is an independent contractor.

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