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Doctors Medicines MCQs Q&A

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If you are self-employed, you may have more administrative and tax burdens than employees. As an employee, your company takes a lot of the compliance burden. Self-employed individuals have to pay the whole FICA tax of 15% - 15.3%, while an employee pays only half the amount. The employer pays around 7.62% - 7.8% for them. Automatically 7% – 8% is taken out of their cheque. But a self-employed person has to take care of all the administrative work as well.

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