Examlex
Which of the following is most likely to be classed as an independent contractor rather than an employee?
Purchase Discounts
Reductions in the price of goods purchased, often provided by suppliers as an incentive for early payment.
Trade Discounts
A reduction in the listed price of goods or services offered by sellers to buyers, often based on volume purchased or to maintain long-term business relationships.
Credit Terms
Credit terms are the conditions under which a seller will extend credit to a buyer, including the repayment period, discount for early payment, and the late fee.
Payments
Transactions involving the transfer of money or equivalent to another party in exchange for goods, services, or to fulfill a legal obligation.
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