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How do independent contractors get paid?

Independent contractors get paid in any number of ways: checks, cash, direct deposits or digital payments (like Venmo, PayPal, etc.). Some companies pay contractors by the hour and others pay them by the project. The IRS doesn’t classify this money as a salary or wages because only W-2 employees earn a salary or wages.

What is independent contractor income?

It’s simply called nonemployee compensation (or self-employment income, in more plain terms). Independent contractor income is usually reported on a 1099-NEC (the NEC part stands for nonemployee compensation) or a 1099-K. These little tax forms list how much money you earned as a contractor so you can report it on your taxes.

How much does a general contractor make?

The average General Contractor salary is $118,571 in the US. Salaries for the General Contractor will be paid differently by location, company, and other factors.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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