BUSINESS ADMINISTRATION
BUSINESS LAW
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Independent contractor
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employer
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employee
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Detailed explanation-1: -An independent contractor is a natural person, business or corporation that provides goods or services to another entity under terms specified in a contract or within a verbal agreement. The distinction between independent contractors and employees is not always clear, and continues to evolve.
Detailed explanation-2: -The nature of employment is defined to include educational requirements and quality, where the latter comprises wages, job security and social protection.
Detailed explanation-3: -Self-employment is the state of working for oneself rather than an employer. Tax authorities will generally view a person as self-employed if the person chooses to be recognised as such or if the person is generating income for which a tax return needs to be filed.
Detailed explanation-4: -Independent Contractor Agreement It should set out the terms and conditions relating to the assigned job and other details of the hirer-independent contractor relationship. This arrangement is known as an Independent Contractor Arrangement which will shield all parties from potential violations or legal issues.
Detailed explanation-5: -Another term for an independent contractor is “freelancer.”