Select ALL of the following factors that indicate that the agent is an Independent Contractor? One...

Select ALL of the following factors that indicate that the agent is an Independent Contractor? One incorrect answer will result in loss of all 6 points.

Group of answer choices

Principal pays agent by the job

Agent has multiple clients

Principal withholds payroll taxes

Principal provides agent with tools

Agent's work is supervised by Principal

Agent sets his/her own work schedule

Solutions

Expert Solution

Option A, B and F indicates that agent is an independent contractor. These are Principal pays agent by the job, Agent has multiple clients and Agent sets his/her own work schedule.

A. Principal pays agent by the job. Workers whom you pay by the hour, week, or month are more likely employees. In contrast, independent contractors are usually paid by the job.

B. Agent has multiple clients. If an agent works for more than one clients at a time then he is an independent contractor whereas employees work full time for one emplyer.

C. Principal withholds payroll taxes. Employers have to withold and pay the payroll taxes for employees but if agent is independent contarctor then there is no such need.

D. Principal provides agent with tools. When agent use the tools, material and other equipment provided by prinicipal, then such agent is an employee otherwise an independent contractor.

E. Agent's work is supervised by Principal. If the work of agent is supervised by Principal then agent is en employee otherwise he is an indepedent contractor. In case of Independent Contractor, employer is only interested in the results to be achieved, and that the manner and method of accomplishing the results are left to the control of the independent contractor. The Independent Contractor should perform services without the direction of Principal.

F. Agent sets his/her own work schedule. If set hours of work is established by Principal then agent is an employee. In contrast, independent contractors generally can set their own work hours.

Rahul Sunny answered 1 year ago

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