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QUESTION IMAGE

why should self - employed people and independent contractors (gig work…

Question

why should self - employed people and independent contractors (gig workers) do their best to estimate what they will owe in taxes? local governments do not require them to pay taxes. they are required to pay a regressive income tax. they are responsible for paying all their taxes. they are taxed at a higher rate than others.

Explanation:

Brief Explanations

Self - employed and independent contractors are responsible for paying all their taxes as they do not have an employer to withhold and contribute on their behalf. This includes income tax, Social Security, and Medicare taxes. They must estimate and pay these taxes to fulfill their legal obligation and contribute to government services and social programs.

Answer:

They are responsible for paying all their taxes.