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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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- Fall '10