The Key Difference Between a Kickback and a Contingent Fee

question 15

Multiple Choice

The key difference between a kickback and a contingent fee is:

• A) The amount involved
• B) Whether the percentage of the gain shared is equal or not
• C) A kickback refers to an unlawful transaction and contingent fees relate to lawful transactions
• D) All of the above

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Definitions:

Time and a Half

A pay rate that is 1.5 times the employee's standard wage, typically paid for overtime work.

Time and a Half

A pay rate that is 1.5 times the employee's normal hourly rate, usually paid for overtime work.

OASDI

Stands for Old-Age, Survivors, and Disability Insurance, a comprehensive federal benefits program that provides benefits to retired individuals, the disabled, and survivors of deceased workers.

Double Time

A rate of payment that is twice the regular wages, often paid for working on holidays or outside of normal working hours.