Wages and Salaries - Overview
Wages and salaries are considered compensation for services of an employee.
A participant is considered an employee when the person or business they work for is responsible for any of the following:
●Paying the participant’s withholding taxes.
●Providing work related training to the participant.
●Covering the participant’s liability insurance or workers' compensation.
●Providing benefits, such as insurance, pension, or paid leave to the participant.
●Reimbursing the participant’s work-related expenses.
●Controlling and limiting the participant’s work hours and the manner in which the work is performed.
When a participant is not considered an employee, review the following to determine how to budget the income:
Policy and procedures regarding wages and salaries are outlined as follows: