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Definition of 'Household Employee'
An individual who is paid to provide a service within a residence. Examples include babysitters, nannies and housekeepers. Independent contractors such as repairmen and plumbers are not considered household employees.
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Investopedia explains 'Household Employee'
The Internal Revenue Service distinguishes between household employees and independent contractors based on whether the employer/taxpayer can determine not only the work that is performed but how it is carried out. As of 2010, individuals who hire household employees that they pay a total of more than $1,700 during the tax year must pay Social Security, Medicare and Federal Unemployment taxes on this employee's wages and may be required to pay taxes at the state level as well. These taxes on household employees are commonly known as the "nanny tax."
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Search results for 'Household Employee'
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http://www.investopedia.com/university/releases/employmentsituation.asp
Economic Indicators: Employee Situation Report. ... The second survey, referred to as
the "household survey", measures results from more than 60,000 households and ...
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http://www.investopedia.com/articles/04/092204.asp
... reverse. Another factor that impacts the payroll survey and not the household
survey is the rate of employee turnover. Every time ...
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http://www.investopedia.com/articles/economics/09/profit-from-a-consumerless-recovery.asp
... be remembered that the lines between business and household consumption are more
blurred in today's home-based, small business, flexible employee economy where ...
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http://www.investopedia.com/articles/retirement/04/111004.asp
... 10% credit, $36,500-$56,500, $36,000-$55,500. Head of household, 50% credit, $-0-
to $25,500, $-0- to $25,125. ... Key Employee definition, $160,000, $160,000. ...
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http://financialedge.investopedia.com/financial-edge/1111/Whose-Fault-Is-Identity-Theft.aspx
... If a thief steals the laptop of an employee who manages sensitive customer data ... the
information they need to steal the identities of everyone in your household. ...
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http://financialedge.investopedia.com/financial-edge/0112/How-To-Be-A-Millionaire.aspx
... A household earning the median level of income (approximately 50K) and saving an
impressive 20 ... While a good employee may get raises and promotions as his or her ...
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http://www.investopedia.com/exam-guide/series-7/customer-objectives/client-income-statement.asp
... Income taxes, $20,000. Household budget (food, clothes, fuel, etc.), $18,000. Employee
savings plan/401(k), $12,000. Utilities, $10,000. Auto lease, $6,000. ...
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http://www.investopedia.com/university/credit-debt-management/management6.asp
... a forever decision because as a consumer (or even as an employee applying for a
new ... As long as your aggregate household income is below or equal to the state's ...
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http://financialedge.investopedia.com/financial-edge/0212/Are-Mutual-Funds-A-Relic.aspx
... those with little or no knowledge of the investment markets, "mutual fund" is a
household term. Anybody with a 401(k) or other employee-sponsored retirement ...
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http://www.investopedia.com/articles/pf/07/save-money-environment.asp
... savings from donating certain office products can then go toward employee bonuses,
free ... You could also sell your household or electronic goods and again have ...
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