Fact Pattern 19-2 Faye Works as an Administrator and Receptionist for Garage Door

question 56

Multiple Choice

Fact Pattern 19-2
Faye works as an administrator and receptionist for Garage Door Store.The store withholds federal taxes from Faye's pay,and controls the methods and details of the performance of her work.Faye is not authorized to modify the prices or other terms of a sale at the store.Homer installs Garage Door products at the buyers' locations.
-Refer to Fact Pattern 19-2.At the shop,Faye is​

• A)an independent contractor.
• B)an employee only.
• C)an employee and agent.
• D)a principal.

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Definitions:

Personal Use

Personal use denotes utilizing an asset or service for one's own personal needs instead of for business or commercial activities.

Capital Contributions

Funds or resources provided by owners or shareholders to a company or partnership for its use in business operations, often to support growth or stabilize finances.

Capital Balance

The total amount of capital contributed by investors or owners plus retained earnings or minus losses.

Income Distribution

The way total income is shared among individuals or groups within an economy or organization.