Answer that apply to USA and Australia would be nice. thanx for any in input
2007-06-22 16:29:30 · 4 answers · asked by petersmith 2 in Politics & Government ➔ Law & Ethics
There is no law against paying people in cash.
Cash , is just like a check.
It becomes a problem, when the employer pays in cash, to avoid payng tax's.
2007-06-22 17:21:05 · answer #1 · answered by jeeper_peeper321 7 · 0⤊ 0⤋
Nothing in the US, but keep in mind the employer must pay taxes on ALL the money. The employees skip the taxes and the employer is screwed if its a large sum of money. Employer is paying taxes on money they "gave" away. Then too, you can right it off as a charitable donation. But, then the employee must report the income on his/her taxes.
2007-06-22 16:39:55 · answer #2 · answered by Jazzy 2 · 0⤊ 0⤋
Nothing, as long as they pay the taxes on the amount paid, or (don't get caught).
2007-06-22 16:33:35 · answer #3 · answered by Say What? 5 · 0⤊ 0⤋
None in the US.
2007-06-22 16:32:30 · answer #4 · answered by gunplumber_462 7 · 0⤊ 0⤋