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Self employment tax |
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Self employment taxA tax self-employed people must pay to qualify them to receive Social Security benefits at retirement.Self employment tax Similar MatchesEmployment statusEmployment statusA term used by lenders to describe potential borrowers' working arrangements. Self-employed applicants are sometimes seen as a greater risk than employees. Many specialist lenders and mortgages have emerged in recent years designed specially for different types of employment status. Employment argument for protectionEmployment argument for protectionThe use of a tariff or other trade restriction to promote employment, either in the economy at large or in a particular industry. This is a second best argument, since other policies -- such as a fiscal stimulus or a production subsidy -- could achieve the same effect at lower economic cost. Unemployment insuranceUnemployment insuranceAnother form of income protection, but one that does not cover any form of sickness, injury or disability. The purpose of this type of policy is to replace income lost through a short to medium term period of redundancy. It provides you with a monthly tax-free income to cover a portion of your lost earnings. It is often sold in conjunction with the accident, sickness and disability element of income protection policies, in which case it is known as Accident, Sickness and Unemployment (ASU). Employment rateEmployment rateThe percentage of the labor force that is employed. The employment rate is one of the economic indicators that economists examine to help understand the state of the economy. See also: Unemployment rate. Expenses in employmentExpenses in employmentIf an employee incurs expenses wholly on behalf of his company which are not reimbursed, such expenses can be offset against tax. Examples are accommodation, meals and fees to professional organisations. Further Suggestionsunemployment benefitAccident, Sickness and Unemployment insurance Full Employment and Balance Growth Act of 1978(Humphrey Hawkins Act) Verification of employment Unemployment rate Unemployment |
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