Which of the Following Is a Characteristic of Independent Contractors

question 33

Multiple Choice

Which of the following is a characteristic of independent contractors?

• A)They have a continuous relationship with the employer.
• B)They do not receive benefits from the employer.
• C)They control the processes and results of their work.
• D)They do not pay their employment taxes,the employer does.

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Definitions:

Ending Balance

The total amount remaining in an account at the conclusion of a reporting period or after a specific transaction has been completed.

Compounded Annually

Refers to the process where the interest earned on an investment is added to the principal sum at the end of each year, then interest for the next period is calculated on the new principal.

Rate Of Return

The gain or loss of an investment over a specified period, usually expressed as a percentage of the investment's initial cost.

Invested

The act of allocating resources, usually money, into something to earn a return or achieve a financial goal.