Unformatted text preview: Employee- follows rules governing such matters as working hours, office routine, attendance at sales meetings, assignment of sales quotas, and adherence to dress codes. • Broker required by federal government to withhold SS tax and income tax from wages paid to employees. • Most likely receives benefits Independent contractor- while broker might control what the independent contractor does, the broker cannot dictate how to do it • Responsible for paying their own SS and income taxes, and receive no benefits • They use their own materials and equipment...
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This note was uploaded on 02/02/2012 for the course BTE 231 taught by Professor Thomasgoodwin during the Fall '10 term at Miami University.
- Fall '10