Chart of Key Differences btwn Employees & Independent Contractors by LegalAgreements

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									Explanation and Guide
Form:
Purpose

Chart of Key Differences between Employees and Independent Contractors (Form 7.9).
This is a summary chart of the key differences for classification of a worker as an independent contractor or employee.

Form 7.9
DOCSSF1:230471.1

Key Differences Between Employees and Independent Contractors
Item Make Employer Contribution to Social Security Make Employer Contribution to Medicare Taxes Withhold applicable taxes File Form 1099-MISC with IRS if you pay the person $600 or more Carry Workers Compensation Insurance covering the person Contribute to unemployment insurance fund and/or tax Eligible for job benefits such as paid vacation, sick leave, holiday, stock options Eligibl
								
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