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Questions and Answers
What is the primary responsibility of an independent contractor regarding taxes?
What is the primary responsibility of an independent contractor regarding taxes?
Independent contractors are required to pay taxes like employees.
Independent contractors are required to pay taxes like employees.
False
What is an independent contractor?
What is an independent contractor?
An independent contractor is a self-employed individual who provides services to clients without being an employee.
An independent contractor is not considered an ________ of the company.
An independent contractor is not considered an ________ of the company.
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Match the following employment terms with their descriptions:
Match the following employment terms with their descriptions:
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Study Notes
Contract of Employment
- To distinguish a contract of service from a contract for service, consider:
- Did the employer control the work and performance?
- Is the work an integral part of the employer's business?
- Is the individual in business independently?
- Does the individual provide their own tools and equipment?
- Who is responsible for the worker's taxes and national insurance?
- Is there mutuality of obligation (employer obligated to provide work, and worker free to refuse)?
- Independent contractors are not responsible for paying taxes.
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Description
Explore the distinctions between a contract of service and a contract for service. This quiz will help you understand the key factors that determine employment status, including control, integration into the business, and tax responsibilities. Test your knowledge on independent contractors and employment obligations.
