What Is the Difference Between Employee Status and Independent Contractor

question 7

Multiple Choice

What is the difference between employee status and independent contractor status?​

• A)The only difference is that the independent contractor is an agent with additional authority.
• B)The difference is that one is an agent and one is not.
• C)The difference is that independent contractors need not pay Social Security taxes.
• D)None of the above

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Definitions:

Bankruptcy Law

The body of federal law that governs bankruptcy proceedings. The twin goals of bankruptcy law are to protect a debtor by giving him or her a fresh start and to ensure that creditors competing for a debtor’s assets are treated fairly.

Specialties

Focus areas within a profession or field where practitioners have specific expertise and knowledge.

Formal Work Environment

an organizational setting that strictly adheres to a set of established protocols, rules, and hierarchies.

Health Problems

Issues or conditions that negatively affect an individual's physical or mental well-being.