Statutory Employee

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Dictionary Says

Definition of 'Statutory Employee'

A class of employee that is permitted to deduct work-related expenses on Schedule C instead of Schedule A. Statutory employees are usually salespeople or other employees who work on commission.

Statutory employees are independent contractors under the IRS's common-law rules.

Investopedia Says

Investopedia explains 'Statutory Employee'

Statutory employees are granted a greater tax deduction for their business expenses than other employees, because Schedule C expenses are not subject to the 2% adjusted-gross-income threshold like expenses on Schedule A.
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'Statutory Employee'

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    http://www.investopedia.com/exam-guide/finra-series-6/retirement-college-savings-plans/employee-sponsored-retirement-plans.asp
    ... in the plan, then the plan cannot require than an employee complete more ... then he
    can choose to have contributions vested overtime (within the statutory limits ...

  • Get The Most Out Of Employee Stock Options

    http://www.investopedia.com/articles/optioninvestor/07/esoabout.asp
    ... option is a contract issued by an employer to an employee to purchase a ... are given
    favorable tax treatment because they meet specific statutory rules described ...

  • How Restricted Stock And RSUs Are Taxed

    http://www.investopedia.com/articles/tax/09/restricted-stock-tax.asp
    ... Restricted stock and RSUs are taxed differently than other kinds of stock options,
    such as statutory or nonstatutory employee stock purchase plans (ESPPs). ...

  • 403(b) Plan: Eligibility Requirements | Investopedia

    http://www.investopedia.com/university/retirementplans/403b/403b1.asp
    ... Coordination of data also ensures that statutory limitations are adhered to
    in cases where an employee may have multiple 403(b) accounts. ...

  • Series 6 Study Guide - Investment Securities - Corporate ...

    http://www.investopedia.com/exam-guide/finra-series-6/investment-securities/corporate-securities-common-stock.asp
    ... or merge with other companies, offer stock options to employee benefit packages,
    and so on. There are two types of voting rights: cumulative and statutory. ...

  • Series 26 Study Guide - Retirement and College Savings Plans ...

    http://www.investopedia.com/exam-guide/series-26/retirement-college-plans/employer-sponsored.asp
    ... in the plan, then the plan cannot require than an employee complete more ... less, he
    can choose to have contributionsvested over time (within the statutory limits ...

  • Job Hunting: Higher Pay Vs. Better Benefits

    http://www.investopedia.com/articles/retirement/09/job-retirement-benefits.asp
    ... dental benefits, insurance coverage and the retirement plans under which an employee
    would be ... on the amount that can be deferred, other than the statutory limit ...

  • Series 7 Study Guide - Customer Accounts - Opening a Brokerage ...

    http://www.investopedia.com/exam-guide/series-7/customer-accounts/opening-brokerage-account.asp
    ... This statutory regime is followed in Arizona, California, Idaho, Louisiana, Nevada,
    New ... citizenship (residency status); If the client is an employee of another ...

  • Is Your Defined-Benefit Pension Plan Safe?

    http://www.investopedia.com/articles/retirement/08/safe-db-plan.asp
    ... clearly favorable for pensioners by stating: "Membership in employee retirement
    systems ... are states that provide no constitutional or statutory protections but ...

  • How To Cut Your Alternative Minimum Tax

    http://www.investopedia.com/articles/pf/07/amtbasics.asp
    ... (Note: Though 26% and 28% are the statutory rates, the actual ... itemized deductions
    including investment expenses or un-reimbursed employee business expenses. ...

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