Question

compare the earning from self employment and salaried employment and state the difference between the two​

Answer 1

earnings of self emplyed and salaried people vary due to various reasons and can be explained below.

Explanation:

• You are called an employee when you are hired by a corporation. Employees are on the payroll of the organisation, and federal and state taxes, Social Security, and Medicare are withheld by the employer.
• Self-Employees, unlike a traditional employee, work less frequently. They operate as and when necessary, depending on the terms of their contracts, and typically bill by the hour or per project.
• Therefore, the salaries received by both parties completely depends on the type of work they perform.
• But we can take a note that self-employees get taxed less.

To Know More

What is Employment

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