List the Four Criteria That Must Satisfied by an Employer

question 9

Essay

List the four criteria that must satisfied by an employer to classify a worker as an independent contractor.

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Definitions:

Property, Plant, And Equipment

Tangible long-term assets used in the operation of a business, such as buildings and machinery, not intended for resale.

Component Percentages

Financial analysis technique that represents each financial statement item as a percentage of a base figure for easier comparison.

Financial Statements

Formal records of the financial activities and position of a business, individual, or other entity, including the balance sheet, income statement, and cash flow statement.

Current Ratio

A liquidity ratio that measures a company's ability to pay short-term obligations using its current assets.