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What is economic reality test?
The economic Reality Test is a test used by courts to further determine between an employee and an independent contractor. They use this mainly to determine if payroll taxes should have been paid on a person working for a business. If the contractor end up being classified as an employee, the business owes payroll taxes on the money paid to that person. If the person is determined to be an independent contractor, then the person owes income taxes on the money paid to them.
The effort that a person devotes to a task for which the person is paid?
labor
What is a fee paid to a person for making a sale?
Its called commission.
How much does a person with masters degree in business get paid?
with money
How does slavery cause poverty?
A slave is a person who works without getting paid. So if there is no money to be paid, then it causes poverty or poorness.
What type of tax must be the paid by the person who owes the tax?
loveing it
What kind of tax must be paid by the person who owed the tax?
direct a+
Is there a statute of limitations on income taxes owed by a deceased person?
First, it is the legal responsibility of the person who has possession of the property of the decedent to pay their legal debts. If the decedent owes income taxes at the time of death, those must be paid if there are any assets. The debts must be paid before any assets can be distributed to the heirs. The IRS can file a lien against a delinquent tax payer and the lien is good for 10 years.First, it is the legal responsibility of the person who has possession of the property of the decedent to pay their legal debts. If the decedent owes income taxes at the time of death, those must be paid if there are any assets. The debts must be paid before any assets can be distributed to the heirs. The IRS can file a lien against a delinquent tax payer and the lien is good for 10 years.First, it is the legal responsibility of the person who has possession of the property of the decedent to pay their legal debts. If the decedent owes income taxes at the time of death, those must be paid if there are any assets. The debts must be paid before any assets can be distributed to the heirs. The IRS can file a lien against a delinquent tax payer and the lien is good for 10 years.First, it is the legal responsibility of the person who has possession of the property of the decedent to pay their legal debts. If the decedent owes income taxes at the time of death, those must be paid if there are any assets. The debts must be paid before any assets can be distributed to the heirs. The IRS can file a lien against a delinquent tax payer and the lien is good for 10 years.
If money intended for you is paid into the wrong bank account what can you do about it?
If someone owes you money but they accidentally paid someone else, then that person still owes you that money. You shouldn't have to do anything about it, since it was not your mistake. The person who made this incorrect payment is free to either ask the person or business entity whom he mistakenly paid to return the money to him, or he can see if the bank would be willing to reverse the transaction.
Is an IOU considered a legal promissory note?
It depends on what was written on the IOU. An IOU is an informal declaration that one person owes some money to another. If that's all the writing states then it will not reach the status of a promissory note. A promissory note must meet certain legal requirements:must state the amount borrowed and from whom it was borrowedmust state when it will be paid backor, must state it will be paid back on demandmust be signed by the borrowerIt depends on what was written on the IOU. An IOU is an informal declaration that one person owes some money to another. If that's all the writing states then it will not reach the status of a promissory note. A promissory note must meet certain legal requirements: must state the amount borrowed and from whom it was borrowedmust state when it will be paid backor, must state it will be paid back on demandmust be signed by the borrowerIt depends on what was written on the IOU. An IOU is an informal declaration that one person owes some money to another. If that's all the writing states then it will not reach the status of a promissory note. A promissory note must meet certain legal requirements: must state the amount borrowed and from whom it was borrowedmust state when it will be paid backor, must state it will be paid back on demandmust be signed by the borrowerIt depends on what was written on the IOU. An IOU is an informal declaration that one person owes some money to another. If that's all the writing states then it will not reach the status of a promissory note. A promissory note must meet certain legal requirements: must state the amount borrowed and from whom it was borrowedmust state when it will be paid backor, must state it will be paid back on demandmust be signed by the borrower
What is economic reality test?
The economic Reality Test is a test used by courts to further determine between an employee and an independent contractor. They use this mainly to determine if payroll taxes should have been paid on a person working for a business. If the contractor end up being classified as an employee, the business owes payroll taxes on the money paid to that person. If the person is determined to be an independent contractor, then the person owes income taxes on the money paid to them.
Can a car get reposessed if the previous owner owes finance on it?
Yes. Prior liens must be paid off before you take title to the vehicle.
What does CCJS Loan Secured provide?
CCJ (County Court Judgement) means that if the first person owes money from the second person and cannot pay back, the second person can go to the court and court will determine whether there is a debt to be paid and how much must the first person pay. CCJs Secured Loans are provided by the lenders but with higher interests.
Can a lawyer still bill a deceased person?
Yes, but he is unlikely to get paid. The family of the deceased owes nothing for the decedent's debt load unless they cosigned a loan.
If someone owes money for a judgment can it be temporarily suspended so the debtor can refinance a home to pay the debt?
No, the judgment is a court order and must be paid in full or to the satisfaction of the judgment holder.
Person who rented land from another person and paid rent in cash or in kind?
tenant farmer
Can an LLC claim bankruptcy if it owes state taxes?
Any corporation can file for bankruptcy, whether or not it owes taxes. If the corporation is to be liquidated, any taxes it owes are the first priority to be paid, before the debts owed to others.
