Mike Calls Beth and Asks Her to Referee a Soccer

question 28

Multiple Choice

Mike calls Beth and asks her to referee a soccer game.Beth is not obligated to work the game.If she accepts the assignment and works the game,she is told the time of the game,she must wear an approved uniform,and she is paid a fee.Once on the field,she is in complete control.Beth would be considered

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

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Definitions:

Renovation Cost

The total expenses incurred in refurbishing and restoring a building or facility to either improve it or bring it back to its original condition.

After-Tax Discount Rate

This is the discount rate that has been adjusted to reflect the impact of taxes on a project's cash flow.

Income Tax Rate

The percentage at which an individual or corporation is taxed; the rate may vary by income level, type of income, or other factors.

Working Capital

The distinction between a firm's current assets and its current liabilities, revealing the company's short-term financial health.