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What type of test is used to determine if an independent contractor is financially dependent?
Compounded Monthly
A method where interest is added to the principal amount on a monthly basis, leading to interest earnings on previously earned interest.
Three Payments
A payment plan that divides the total amount owed into three separate payments over a specified period.
Second Payment
The subsequent payment made after the first in a series of payments, often in the context of a financial transaction or loan.
Compounded Semi-Annually
Interest on an investment or loan that is calculated twice a year and then added to the principal, affecting the overall amount on which future interest is based.
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