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1 year ago

The three main tests courts use to classify employees and independent contractors are?

1 answer:

3 0

The three main tests courts use to classify employees and independent contractors are IRS 20-Factor analysis, Common-Law Agency Test, and Economic Realities Test.

The Internal Revenue Service (IRS) 20-Factor analysis is one of the primary systems the IRS uses in order to assess whether a worker has been misclassified by the companies that hire them. Thus, the IRS, department of labor, and courts concerned with labor rights use different tests in order to classify the workers.

So the most common types of tests are the IRS 20-Factor Test, Common-Law Agency Test, and the Economic Realities Test. The problem with these tests is that they lack uniformity. They also vary significantly between which factors are considered.

Hence, accurately classifying workers can be complex and confusing.

To learn more about IRS 20-Factor analysis here:

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Is shift work involved in electrician?

Hunter-Best [27]

Answer:

Yes

Explanation:

3 0

3 years ago

According to the CAPM, what is the market risk premium given an expected return on a security of 13.6%, a stock of 12, and a ris

Neporo4naja [7]

The question is incomplete. Here is the complete question

According to the CAPM, what is the market risk premium given an expected return on a security of 13.6%, a stock beta of 1.2, and a risk-free interest rate of 4%?

Answer:

Explanation:

The expected return on security is 13.6%

The stock beta is 1.2

The risk free interest rate is 1.4

Therefore, using the CAMP , the market risk premium can be calculated as follows

13.6%= 4% + 1.2×MRP

13.6%-4%= 1.2MRP

9.6%=1.2MRP

MRP= 9.6/1.2

MRP= 8%

Hence the market risk premium is 8%

6 0

3 years ago

As the price of computers fall the duqantity of computers demand increase. This is an application of

Reil [10]

As the price of computers falls the quantity of computer demand increases. This is an application of the law of demand.

What do you understand by the Law of Demand?

According to the law of demand, pricing has an inverse relationship with the number of goods purchased. Alternatively said, the quantity requested decreases as the price increases. Decreasing marginal utility is what causes this.

What is the Law of Decreasing Marginal Utility?

According to the law of diminishing marginal utility, consumption grows at the same time that the marginal utility from each new unit decreases. The incremental gain in utility caused by consuming one more unit is called the marginal utility. The word "utility" is used in economics to denote happiness or contentment.

Know more about the Law of Demand:

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3 0

2 years ago

A firm purchased a three-year insurance policy for $5,760 on July 1, 2019. The $5,760 was debited to the Prepaid Insurance 2. On

Andrej [43]

Answer:

The journal entries are as follows:

(i) Insurance expense A/c Dr. $160

To prepaid insurance $160

(To record the insurance expense)

Workings:

Insurance expense = cost of insurance policy ÷ 36 months

= $5,760 ÷ 36 months

= $160

(ii) Advertising expense A/c Dr. $1,160

To prepaid advertising $1,160

(To record the advertising expense)

Workings:

Advertising expense = cost of advertisement ÷ 24 months

= $27,840 ÷ 24 months

= $1,160

4 0

3 years ago

Rachel Dawkins has $26,000 invested in stock A and stock B. Stock A currently sells for $50 a share and stock B sells for $60

padilas [110]

Answer:

Stock A = 400 and Stock B = 100

Explanation:

Rachel invested $26,000 in stock A and stock B at $50 and $60 respectively. The first equation will be:

⇒ 26,000 = A50 + B60 (equation 1)

After some time,

The stock A increases by 50% which means the value of stock A currently is (50 x 150%) = $75

The stock B doubles in value which means the value of stock B currently is (60 x 2) = $120

The total worth of the both stock is now $42,000. The second equation will be:

⇒ 42,000 = A75 + B120 (equation 2)

We have 2 equations now,

⇒ 26,000 = A50 + B60 (equation 1)

⇒ 42,000 = A75 + B120 (equation 2)

To solve this, multiply equation 1 by -2,

⇒ (-2 x 26,000) = (-2 x A50) + (-2 x B60)

⇒ -52,000 = -A100 - B120 (equation 3)

Solve equation 2 and 3 to compute the value of A:

⇒ 42,000 = A75 + B120

⇒ -<u>52,000 = -A100 - B120</u>

⇒ -10,000 = -A25

⇒ A = -10,000/-25

⇒ A = 400

Substitute the value of A in any of the above equation to compute B, let's say in equation 1:

⇒ 26,000 = A50 + B60

⇒ 26,000 = (400)50 + B60

⇒ 26,000 = 20,000 + B60

⇒ B60 = 26,000 - 20,000

⇒ B60 = 6,000

⇒ B = 6,000/60

⇒ B = 100

7 0

4 years ago

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