Which Individual Is Probably an Independent Contractor

question 25

Multiple Choice

Which individual is probably an independent contractor?

• A) A private nurse who sits with a patient just moved from intensive care
• B) A registered nurse who works a weekend double shift only
• C) A laboratory employee who works inside a hospital but is employed by an independent lab
• D) A physician who visits his or her patients during rounds in a hospital

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Definitions:

Common Shares

Shares of stock, which signify part ownership in a corporation, granting the holder the right to vote on corporate matters and to receive a portion of the company’s earnings via dividends.

Revenues

The cumulative income arising from transactions involving goods or services integral to a firm's primary business.

Liabilities

Financial obligations or debts owed by a company to creditors, representing claims against a company's assets.

Cash

Money in the form of coins or banknotes, used for transactions, and considered the most liquid asset.