Question

Acme Solutions often hires Nicco to train its employees. He is paid $300 for every session. Hisjob also requires him to travel once a month to different branches of Acme Solutions and trainemployees there. When he is required to travel, the company pays him $450 per session. Alltraining materials have to be provided by Nicco himself. When he is not hired by AcmeSolutions, Nicco works for other smaller companies as a trainer. Thus, Nicco is mostly like a(n):a)full-time employee at Acme Solutions.b)social worker.c)trade creditor.d)independent contractor for Acme Solutions.

Answer 1

Nicco is mostly like an independent contractor for Acme Solutions.

Explanation:

An independent contractor is a licensed person or organization for the other unemployed to complete the work for and would offer services.

Independent contractors are termed sole owners or Limited Liability Companies (LLCs) of single members in the United States of America.

If you are profiting or benefiting from rental homes, you will record your income and expenses under Schedule C of Form 1040 or Schedule E. In addition, self-employment charges are to be submitted to the IRS, normally on the basis of Form 1040-ES every three months.