any single deposit or purchases totally over 10,000 will put you in the spotlight Originally Posted by dreamvacationdatesThat's a common misconception. The 10K threshold only applies to cash transactions. That's the green paper stuff and the shiny metal stuff. See Wikipedia.
I believe the minimum salary that receives Social Security credit is something like less than $3000 a quarter. Originally Posted by instfixerThey'll let you pay self-employment taxes (mostly social security) on any amount of income.
If she is considered a full time employee(40 hours per week) yes. If less than 40 hours, no. The employer could elect to not provide insurance and pay the fine. The employee could then go to the government exhange and purchase insurance (at a price that would be below market rate). The assumption is that the state the employee works in did not opt out of Obamacare. This part of the Affordable Care Act (Obamacare) is not effective until 1/1/2014.
2. If you are paying to a sugar baby for sex, then you need to decide if she is an employee or a contractor. Whole new set of rules to look at. If an employee, you need to be withholding SS & income tax, providing her with a W2. If she qualifies as a contractor, then you need to provide her with a 1099.
Hint: If she has multiple sugar daddies, you can probably argue better that she is a contractor.
Second hint: If you have multiple employees already in a private business and you try to sneak her on the payroll, are you required to provide insurance under Obamacare? Originally Posted by tigercat
If you have multiple employees already in a private business and you try to sneak her on the payroll, are you required to provide insurance under Obamacare? Originally Posted by tigercat
If she is considered a full time employee(40 hours per week) yes. If less than 40 hours, no. The employer could elect to not provide insurance and pay the fine. The employee could then go to the government exhange and purchase insurance (at a price that would be below market rate). The assumption is that the state the employee works in did not opt out of Obamacare. This part of the Affordable Care Act (Obamacare) is not effective until 1/1/2014. Originally Posted by flghtr65It's 30 hours/week for employers with 50 or more full-time equivalent employees.