Multiple choice

Which of the following is true of an independent contractor?

  1. works regularly for an employer.

  2. is one who works as and when required.

  3. receives benefits such as health insurance, bank loans, IRA

  4. be a biz or corp. that provides goods/services w/out terms.
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Independent contractors typically work on an ad-hoc, project-by-project basis ('as and when required') rather than having regular, ongoing, exclusive employment. They also do not receive typical employee benefits like health insurance or employer-sponsored retirement plans.

Keep practicing — related questions