Thursday, March 26, 2020 3:15:39 PM
Second, according to the financials, Mexus only employees one person. That is the CEO. All others are likely independent contractors (also known as self-employed) and would be responsible for paying their own self employment tax.
Paul, as an employee would have half of his payroll taxes paid by Mexus (roughly 6.2% of earnings) Even then, I'm not sure how that would be taxed when he's taken his salary in the form of stock (or if it would be taxable).
Assuming Mexus is responsible for half of PT's payroll tax, that amount would be minimal in the scope of things (less than $100,000).
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