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When an under-age 18 child by the parent's sole proprietorship or the parent's husband-wife partners...

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Accounting

When an under-age 18 child by the parent's sole proprietorship or the parent's husband-wife partners

a. The child wages are exempt from federal tax

b There is no requirement to issue the child a Form W-2

c. the child's wages are exempt from Social security ,Medicare and FUTA taxes

d. The child"s compensation can be up to $25 per hour regardless of the child's age or skills

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