Question

Payment to a contractor usually is in the form of a

Answer 1

Answer:

A: fee

Explanation:

Payment to a contractor usually is in the form of a FEE.

The above statement is true because, usually, contractors are paid based on the work or job executed. There are different contract arrangements such as Fixed contracts, cost-plus contracts, Cost-reimbursement contracts, etc. In any of these contracts, contractors are neither paid wages nor salary, but a FEE, which can either be agreed separately or added to the contract sum.

However, contractors don't get benefits from the clients or employers such as medical, disability, life insurance; retirement benefits; fringe benefits, among others.