Beth Caldwell is in the payroll accounting department of Acerill Films. An independent contractor of the company requests that Social Security and Medicare taxes be withheld from future compensation. What advice should Beth offer

b. These would not be withheld by the company.

c. As an independent contractor they would be responsible for their own payments

Explanation:

Here is the complete question:

Beth Caldwell is in the payroll accounting department of Acerill Films. An independent contractor of the company requests that Social Security and Medicare taxes be withheld from future compensation. What advice should Beth offer?(You may select more than one answer).

a. The independent contractor should complete Form W-4 to authorize FICA tax withholding.

b. These would not be withheld by the company.

c. As an independent contractor they would be responsible for their own payments.

An independent contractor is someone that has his or her won personal business but still does work for other organizations or businesses. Is should be noted that independent contractors should not be considered to be part of the workers in the organization they work for.

Beth Caldwell should not take taxes out of the payments that will be paid to the person because he is responsible for his or her won payment and normally, they pay the self employment tax which is just like paying for social security and Medicare taxes.

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answer; monopolistic competition;