Abigail Is a Full-Time Worker Whose Primary Occupation Involves Extensive

question 11

Multiple Choice

Abigail is a full-time worker whose primary occupation involves extensive overnight travel to visit wholesaler sites on the behalf of a single company.Which of the following classifications most accurately describes Abigail's employment status?

• A)Independent contractor
• B)Exempt employee
• C)Nonexempt employee
• D)Statutory employee

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Definitions:

Owner's Drawings Account

A specific account used to track the withdrawals made by the owner from the business for personal use, rephrased from

Owner's Equity

The remaining value of an entity's assets after all debts have been subtracted, indicating the stake of shareholders or owners in the company.

Net Income

The net income of a business once all costs, such as operational expenditures and taxes, have been deducted.

Revenue

The total amount of money received by a company for goods sold or services provided during a specific period.