The better practice, when negotiating a physician employment agreement, would be to NOT automatically assume, in laying out the effect of termination, that termination without cause means the employee is without fault. Instead, the employer would be better served in taking a more hard-line approach. For example:
If you are single and under age 65, you can earn up to $9,499 in a year and not file a tax return. Should you be 65 or older, you could earn up to $10,949 and be exempt from filing a federal tax return. However, you may qualify for an Earned Income Tax Credit, which is refundable in cash to you. Also, if you've had income taxes withheld, you should file to receive a refund of your money. Married Taxpayers Filing Jointly If both married taxpayers are under 65, they can earn up to $18,999 and not need to file a return.
For example, single individuals that earn less than $192 per month are not subject to any withholding in 2015. Any income above $192 but below $960 is taxable at the 10% rate. Income above $960 but below $1,656 is taxed at the 15% rate. However, individuals who claim the married allowance may earn up to $717 without incurring a withholding tax. The 10% tier applies to income up to $2,254 for married individuals, while the 15% tier applies on income over $2,254 but below $6,958.