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Technology Stocks : Advanced Micro Devices - Moderated (AMD) -- Ignore unavailable to you. Want to Upgrade?

To: fastpathguru who wrote (255086)	8/2/2008 1:06:24 AM
From: Elmer Phud	Read Replies (2) \| Respond to of 275872

Now I need to talk to a CPA to find the definition of a basic English word? Yes, that's about it. You may not know the difference but Intel does. Now why don't you stop wasting the boards time with petty hair splitting?

To: fastpathguru who wrote (255086)	8/2/2008 1:44:17 PM
From: graphicsguru	Read Replies (1) \| Respond to of 275872

A contractor is an employee. Lay off fpg. In ordinary business parlance, people distinguish carefully between "employees" and "contractors." Employees are paid directly by the company, so the company is required by law to pay them benefits. Contractors, by contrast, are regarded as "self-employed," so they are still paid for the work, but need to fend for themselves as far as benefits. The IRS has a list of criteria that companies can use to distinguish contractors from employees. When AMD hires a law firm to sue Intel, the individuals who work for that law firm may end up spending full time doing work on AMD's behalf, effectively paid by AMD, but they are not AMD employees. They are employees of the law firm. If the law firm happens to employ only a single person, the situation is the same. If you hire someone to clean your house, then the person may or may not be your personal employee. One of the tests is whether or not they use their own tools (vacuum cleaner for example). In one case, you're supposed to pay matching social security taxes, and in the other it's their responsibility.