Question
When an under-age 18 child by the parent's sole proprietorship or the parent's husband-wife partners a. The child wages are exempt from federal tax b
When an under-age 18 child by the parent's sole proprietorship or the parent's husband-wife partners
a. The child wages are exempt from federal tax
b There is no requirement to issue the child a Form W-2
c. the child's wages are exempt from Social security ,Medicare and FUTA taxes
d. The child"s compensation can be up to $25 per hour regardless of the child's age or skills
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Financial Accounting An Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
8th Edition
0030182689, 978-0030182686
