Which of the following is not a reason for a business to, Ask an Expert

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Which of the following is not a reason for a business to prefer to hire an independent contractor rather than an employee?

1. The independent contractor cannot participate in company fringe benefits.

2. The company does not have to pay FICA taxes on the amounts paid to the independent contractor.

3. The company does not have to supply a workplace or tools to the independent contractor.

4. The company only has to pay FUTA on the independent contractor's wages.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M967327

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