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The IRS has developed a three-prong test to determine an agent's status prong in this test?
A) Whether the working relationship is written or oral.
B) The financial arrangements between the principal and the agent.
C) The type of working relationship between
D) Behavioral aspects of the agency Which of the following is not a the principal and the agent

Answers

Answer 1

Whether the working relationship is written or oral is not a prong in this test developed by IRS.

What type of test is used to determine if an independent contractor is financially dependent?

The IRS uses a set of rules called the Common-Law Test to determine whether workers are independent contractors or employees. The test gauges the degree of behavioral and financial control an employer has over an employee as well as the nature of their relationship.

When deciding whether a person was an employee or a contractor in the past, the IRS applied a 20-factor test. However, this 20-factor test was separated into three primary groups, which are behavioral, economical, and relationship type.

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The IRS has developed a three-prong test to determine an agent's status. Which of the following is not a prong in this test?

A) Whether the working relationship is written or oral.

B) The financial arrangements between the principal and the agent.

C) The type of working relationship between

D) Behavioral aspects of the agency Which of the following is not a the principal and the agent

Related Questions

what do you use to find state specific information

Answers

To find state-specific information, an individual can choose to use government portals or legal websites of the state that they desire information on.

What is state-specific information?

State-specific information refers to information about governmental legislation in the desired state. It is known as being state-specific because the information is unique to that very state. Many states have dos and don'ts that are limited to them.

To get these, one can choose to use the information from a government portal. These are often in the form of a .gov domain. Reputable legal websites that are in the territory of the state might also have reliable information on the state's regulations.

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