Question
Why do gig workers need to pay taxes quarterly?
Employers set each tax payment schedule to fit their business needs.
Quarterly payments are combined with union dues to streamline payments.
Since taxes are not taken out of each paycheck, quarterly payments help workers plan ahead.
It's only because gig workers do not earn a steady paycheck regularly.
WHICH OUT OF THE OPTIONS SHOWN ABOVE!!!
Employers set each tax payment schedule to fit their business needs.
Quarterly payments are combined with union dues to streamline payments.
Since taxes are not taken out of each paycheck, quarterly payments help workers plan ahead.
It's only because gig workers do not earn a steady paycheck regularly.
WHICH OUT OF THE OPTIONS SHOWN ABOVE!!!
Answers
GPT-4o mini
The correct option is: **Since taxes are not taken out of each paycheck, quarterly payments help workers plan ahead.**
Gig workers are typically classified as independent contractors, meaning taxes are not withheld from their earnings. Therefore, they are required to estimate and pay their taxes quarterly to avoid a large tax bill at the end of the year.
Gig workers are typically classified as independent contractors, meaning taxes are not withheld from their earnings. Therefore, they are required to estimate and pay their taxes quarterly to avoid a large tax bill at the end of the year.