What is the main difference between a contract of service and a contract for services?

3.3 Contract For & Of Service

Quiz
•
Financial Education
•
12th Grade
•
Easy
Deeky Mvula
Used 2+ times
FREE Resource
7 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The level of control over work arrangements
The type of tools provided by the employer
The number of clients an individual can work for
The location where work is performed
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which test assesses if the individual is 'part and parcel' of the employer's organization?
Integration Test
Multiple/Economic Reality Test
Autonomy and Control Test
Control Test
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What do employers typically provide in a contract of service?
Training programs for skill development
Financial incentives for completing tasks
Flexible work hours
Tools, equipment, and subject employees to company policies
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What are independent contractors responsible for in terms of taxes and social security?
They receive tax exemptions as independent contractors
They are responsible for their own taxes and social security
They have no responsibility for taxes or social security
Employers handle all tax and social security matters
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the event of the employer's bankruptcy, who has fewer rights to outstanding payments?
Both have equal rights
Independent contractors
Employees
It depends on the specific contract terms
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor has limitations in determining the employment relationship due to highly skilled professionals having more autonomy?
Control Test
Integration Test
Multiple Clients Test
Self-Reliance Test
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why is it important to understand the distinction between contracts of service and contracts for services?
To ensure legal standing in the employment relationship
To increase tax liabilities
To limit employee rights
To reduce employer responsibilities
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