Distinguish Between an Employee and an Independent Contractor

question 90

Essay

Distinguish between an employee and an independent contractor.

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Definitions:

Trust Corpus

The principal amount of assets held in a trust, as distinguished from the income generated by those assets.

Trustee

(1) In a bankruptcy proceeding, an individual who takes over administration of a debtor’s estate. (2) A person who operates a business trust for beneficiaries.

Anatomical Gift

All or part of an individual’s body that the individual wishes to donate to a hospital, university, organ bank, etc.

Trusts

Legal arrangements where a trustee holds and manages assets for the benefit of the trust's beneficiaries, according to the terms specified by the trustor.