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LSDefine

Simple English definitions for legal terms

self-employed

Read a random definition: comprising

A quick definition of self-employed:

Self-employed: When someone is self-employed, it means they work for themselves instead of working for someone else. They might own their own business or work as an independent contractor. They have to pay taxes on their income and file a tax return every year. They also have to pay taxes in advance every quarter.

A more thorough explanation:

Definition: Being self-employed means that you work for yourself, rather than working for someone else. This can include being a sole proprietor or an independent contractor. The Internal Revenue Service (IRS) defines a self-employed person as someone who "carries on a trade or business as a sole proprietor or an independent contractor."

Self-employed individuals are responsible for managing their own business, including finding clients or customers, setting prices, and paying taxes. They are required to file an annual tax return and pay taxes quarterly using Form 1040 or Form 1040-SR.

Examples:

  • A freelance writer who writes articles for various publications is self-employed.
  • A plumber who runs their own plumbing business is self-employed.
  • A graphic designer who works on a project-by-project basis for different clients is self-employed.

These examples illustrate the concept of self-employment because each person is working for themselves, rather than being employed by a company. They are responsible for finding their own clients or customers and managing their own business affairs.

Self-defense | Self-employment tax

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MrThickRopes
15:28
Uhh
MrThickRopes
15:28
Yeah
MrThickRopes
15:28
Put dat beat on
MrThickRopes
20:27
I said PUT DA BEAT ON
20:31
mustard on da beat ho
22:14
im a slut for horse butt, #8 makes me feel great, horween makes my whore scream
22:20
catch me with this when I make partner
22:22
😍
22:24
Worth it
MrThickRopes
22:24
Uhhh
MrThickRopes
22:24
Yeaaah
MrThickRopes
22:25
Wake up in the morning gotta take a shit hop up in my lambo gotta take a shit headin to da club and i gotta take a shit poppin da champagne but i ruined it with shit
22:27
Woke up in the morning gotta thank god i dunno but today seems kinda odd no barking from the dog no smog mama cooked a breakfast with no hog i got my grub on but didn’t pig out finally got a call from a girl i wanna dig out
MrThickRopes
22:42
Wake up in the morning and i take a shit take off my pants cause they caked in shit go to da club and I’m finna get lit light up the blunt but it’s soaked in shit thrown on da curb because i took a shiiit
2:37
I fear you guys are not nearly locked-in enough
Why $0 at Harvard just to do litigation? Are you actually going to do your original plan post grad? @UncleIroh
12:48
U better be locked in as fuck to go to Harvard at sticker $600k debt is so nasty
dude is loaded if he’s getting 0 in aid from GMA
*hls fucking autocorrect
MrThickRopes
15:02
Bbbbbruhhhhhhh i jus realize
MrThickRopes
15:03
Getting into da law skool was da easy part
MrThickRopes
15:03
Now i gotta PASS da law skool?
MrThickRopes
15:03
🥀 🥀 🥀
MUSTAAAAAAAAAAAAAAARD
@UncleIroh: is that what u told zuko
what’s the name of kataras older brother i forget
18:07
Sokka deez nuts
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