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Instead of being classified as an employee, Matthew McGinnis was misclassified as an independent contractor. How will his employer's FICA taxes be affected? What penalty

Instead of being classified as an employee, Matthew McGinnis was misclassified as an independent contractor. How will his employer's FICA taxes be affected? What penalty will the employer face for this misclassificiation? What should a company look at in determining how to classify a worker as an employee versus an independent contractor?

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