Aiden Performs Services for Lucas

question 77

Multiple Choice

Aiden performs services for Lucas. Which, if any, of the following factors indicate that Aiden is an employee, rather than an independent contractor?

• A) Aiden provides his own support services (e.g., work assistants).
• B) Aiden obtained his training (i.e., job skills) from his father.
• C) Aiden is paid based on hours worked.
• D) Aiden makes his services available to others.
• E) None of these.

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Definitions:

Declaration Date

The specific day on which a company’s board of directors announces its intent to pay a dividend to shareholders.

Legal Obligation

A duty imposed by law that requires an entity or individual to perform or refrain from performing a certain action.

Cumulative Preferred Stock

A type of preferred stock that entitles shareholders to receive dividends in arrears before any dividends can be distributed to common stockholders.

Par Value

A value assigned to a security or stock by the company that issues it, typically representing the minimum price the security can be sold for upon its initial offering.