Wages paid by an employer to an employee who is the employer's child under age 18 are not subject to federal FICA and unemployment taxes.
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Q15: An S corporation generated $160,000 ordinary taxable
Q16: A shareholder-employee of an S corporation prefers
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Q18: Self-employed individuals have fewer opportunities than employees
Q19: Employers must withhold state and federal income
Q21: A Keogh plan maintained for the owner
Q22: The 10% penalty imposed on premature withdrawals
Q23: Employers typically use nonqualified deferred compensation plans
Q24: Employees typically recognize compensation income in the
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