Simply put, according to the sticky wage theory, employees are unwilling to accept nominal salary reductions because they induce nominal wages to respond slowly and rigidly downward to unfavorable changes in a company's and the overall economy's performance.
What are Nominal wages?The cash that you receive from an employer in exchange for your labor is referred to as a nominal wage or a money wage. There is no inflation adjustment made to nominal pay. Contrarily, a real wage is one that has been adjusted for inflation. Your buying power will decrease if the pace of nominal Pay increases slower than the pace of inflation. In contrast to real earnings, which do take into account changes in prices, nominal wages are wages represented in monetary terms. A nominal wage is another name for a money wage.
When labor or services are exchanged, the nominal wage results. There is no method or computation for nominal wages. The pay rate or compensation that employees receive is known as the nominal wage. It is the sum mentioned in job-seeker classified advertising. It is the cost that is stated in employment offers. The nominal wage's lack of an inflation adjustment is its most significant feature. The loss of money's buying power as a result of rising prices for goods and services in an economy is known as inflation.
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a company acquired equipment for $150,000 by signing a $150,000 note payable. the $150,000 is reported as a cash outflow in the financing activities section of the statement of cash flows. T/F
A company acquired equipment for $150,000 by signing a $150,000 note payable. the $150,000 is reported as a cash outflow in the financing activities section of the statement of cash flows. This statement is false.
What are financing activities of cash flows?
A part of a company's cash flow statement called cash flow from financing activities (CFF) displays the net cash flows used to fund the business. Transactions involving debt, stock, and dividends are considered financing activities. Investors can learn about the financial health and management of a company's capital structure by looking at the cash flow from financing operations.
The transfer of money between a company's owners, investors, and creditors is tracked by its cash flow from financing activities (CFF). This report displays all sources of funding—debt, stock, and dividends—that were used to operate the business.
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a company would most benefit from using an activity-based costing (abc) system as opposed to a traditional costing system under which of the following conditions?
When indirect expenses make up a large portion of total costs, a corporation would profit most from switching from a standard costing system to an activity-based costing (ABC) system.
What is activity-based costing?Using the activity-based costing approach, an organization's activities are identified, and the cost of each activity is then assigned to each product and service based on how much of each is actually consumed. This model allocates more indirect expenses to direct costs than traditional costing does.
The fundamental objectives of activity-based costing are to identify the stages required to make a product, establish cost pools for each step, and assign overhead costs to the items based on how much of each step they use.
Activity-based costing offers a more precise technique of calculating the prices of goods and services, which results in more precise price determinations.
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volunteers collecting money for charity often ask potential donors to accept a small gift prior to asking for a contribution. this fund-raising technique most closely resembles which of the following?
Volunteers collecting money for charity often ask potential donors to donate a large sum. This fund-raising technique most closely resembles the door-in-the-face technique.
Door in face technique:The door-in-the-face method is a compliance method that has been extensively studied in social psychology. The persuader attempts to persuade the respondent by making grandiose demands that the respondent is most likely to refuse, like figuratively slamming a door in front of the persuader.
What are the foot-in-the-door and door-in-the-face techniques?Foot-in-the-door (FITD) techniques make small requests to satisfy larger requests, while door-in-the-face (DITF) works in the opposite direction, expecting larger requests to be made. It is done. Denied to get consent for minor requests.
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Research involving industrially advanced countries suggests that:
A. The more independent the central bank, the lower the average annual growth of real GDP
B. The more independent the central bank, the higher the average annual growth of real GDP.
C. There is no relationship between the degree of independence of a country's central bank and the growth rate of its real GDP.
D. The less independent the central bank, the higher the average annual rate of inflation.
Research involving industrially advanced countries suggests that d. the less independent the central bank, the higher the average annual rate of inflation
When the central banks are less independent, then the central banks cannot take an immediate step in order to combat the inflationary forces in an economy. It is because economic inflation can be immediately reduced by declining the extent of the money supply. As a result, when the central banks are bound by certain authorities, then inflation will be approached towards limitless extents.
Industrially advanced countries-The United States, Canada, Australia, New Zealand, Japan, and the majority of western Europe are among the industrially advanced nations (IACs). Their market economies were built on substantial inventories of capital goods, cutting-edge technologies, and an educated work population.
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apple wards off competitors by offering new versions of its products before the older versions become obsolete. which of the following statements are true according to apple?
Marketers should look for ways to improve a strategy even before there's reason to believe that something needs to be fixed is true according to apple.
If someone asks you to market the product of some well-established company; but you’re busy and you have got enough on your plate. However, you ask your friend to do this job who is very well familiar with Marketers marketing activities. Therefore, he not performs the task but also does it so well that the business profits from it for a month.
A marketer is someone who fosters a culture of purchase or chain interaction between the customer and the company's good or service.
When I refer to "chain involvement," I mean all the activities that go into luring customers to a company's product through advertising and promotion and preserving a sufficient stock of goods to meet demand.
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a manager buys three shares of stock today, and then sells one of those shares each year for the next 3 years. his actions and the price history of the stock are summarized below. the stock pays no dividends. time price action 0 $ 160 buy 3 shares 1 170 sell 1 share 2 170 sell 1 share 3 170 sell 1 share
a. Calculate the time-weighted geometric average return on this portfolio. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
The time-weighted geometric average return on portfolio is 3.57%.
What is a portfolio?Any mix of financial assets, including the stocks, bonds, and cash, is referred to as portfolio. Individual investors may manage their own portfolios, while financial professionals, hedge funds, banks, and other financial institutions may manage them. The goal of asset allocation is to maximize expected return and minimize risk. This is an illustration of a multi-objective optimization problem; there are numerous effective solutions and the best one must be chosen by weighing the tradeoff between risk and reward. The Pareto efficient frontier for the Markowitz portfolio selection issue is the collection of Pareto-optimal returns and hazards. Recently, a different method of portfolio diversification has been proposed in the literatures that incorporates risk and return in the optimization issue.
The Time, Cash Flow, Holding Period Return
0: 3×(-$90) = -$270; -
1: $100; (100-90)/90 = 11.11%
2: $100; 0%
3: $100; 0%
Time-weighted geometric average rate of return = (1.1111 × 1.0 × 1.0)^1/3 - 1 = 0.0357 = 3.57%
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Since 1950, the number of employees who work in the federal bureaucracy has ________ and the number of employees who work in both state and local government has ________.-increased; increased-decreased; increased-increased; decreased-decreased; decreased
Since 1950, the number of employees who work in the federal bureaucracy has decreased and the number of employees who work in both state and local government has increased.
Give a brief account on federal bureaucracy.The federal bureaucracy's three primary governmental duties are implementation, administration, and regulation. When Congress passes legislation, rules are established to carry out new policies. The process of putting these policies into practice is known as implementation. Since policy directions are frequently ill-defined, bureaucrats frequently have to interpret the meaning of the law. When it comes to actual implementation, the bureaucracy frequently has some latitude, also known as administrative discretion.
The routine of fee collection, permission granting, test administration, and other activities is used to carry out the administration of bureaucracy's stated goal. Regulations are made by the federal bureaucracy through a process known as rule making. Regulations are susceptible to legal challenge, and they are not put into effect until those challenges are resolved.
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a mechanic's lien can be enforced to recover payment from a debtor for labor and materials in the repair of personal property. True/False
False. A mechanic's lien cannot be enforced to recover payment from a debtor
What are lien?
A lien is a claim or legal right made on property that is frequently pledged as security for the repayment of debt. A lien could be created by a creditor or a court order. An underlying commitment, such as the repayment of a debt, is guaranteed by a lien. The asset covered by the lien may be taken by the creditor if the underlying debt is not paid in full. Liens are used to secure assets in a variety of ways. A lien is a right or claim made against property that is typically used as collateral to pay off debts. The asset that is the subject of the lien may be taken by the creditor.
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Select all that apply. Who may receive a Form 1099-K?
Tina is reimbursed for shared meals with friends and family. Reimbursement was $900.
James and Anna rent a room in their house through Airbnb. They rented for 100 days and received $12,500.
Zadora sells handmade jewelry through Etsy. They sold $1,895 in jewelry.
Roger sold a bike to their neighbor for $50.
Form 1099-K is used to record the transactions of third-party payment network in excess of $900.
What is Form 1099-K?Third party payment network are required to send a form 1099 -K in case they transafers you at least $900 throughout the tax year.
Tina may not receive a Form 1099K as the reimbursement was from her freinds.James & Anna may receive Form 1099-K because their rental income is greater than $900 and Airbnb will issue them a Form 1099-K.Zadora may receive Form 1099-K because his sales revenue is greater than 900$, and ETSY will issue them a Form 1099-K.Roger may not receive a Form 1099-K because the transaction is less than 900$ and he sold his bike to his neighbour.To know more about Form 1099-K, visit:
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High government expenditures can lead to a bigger: (i) revenue. (ii) stimulus. (iii) deficit. (iv) surplus.
High government expenditures can lead to a bigger: (ii) stimulus.
In physiology, a stimulus is a detectable alternate inside the physical or chemical structure of an organism's internal or external environment. The capacity of an organism or organ to discover outside stimuli, in order that the perfect response may be made, is referred to as sensitivity. A stimulus is something that may cause a bodily or behavioral change. The plural of stimulus is stimuli. Stimuli may be outside or inner. An example of external stimuli is your body responding to a remedy.
A stimulus causes a movement or response, just like the ringing of your alarm clock in case you did not sleep thru it. Stimulus is a word regularly utilized in biology — something that causes a response in an organ or cellular, for example.
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TRUE/FALSE. a firm might prefer a commission system of compensation when the nature of the work is repetitive and monotonous and can be performed by an individual.
If the labor is repetitive and dull and can be done by one person, a company may prefer a commission-based method of pay. The given statement is true.
What is a commission system of compensation?The reward given to an employee upon completion of a duty, which is typically selling a certain amount of goods or services, is referred to as a "commission." It's challenging to sell products or services. Professionals in sales and marketing face intense competition.
One of the most common sales compensation structures is a base rate + commission on each transaction. While some continue with a fixed salary, some businesses start off with an hourly wage. With this structure, both the company and the salesperson are responsible.
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discuss with officers the current status of items in the financial statements that were accounted for on the basis of preliminary or inconclusive data.
The officers should be able to provide an overview of the current status of items in the financial statements that were accounted for on the basis of preliminary or inconclusive data.
What does Inconclusive data means?
Inconclusive data is data that does not lead to a definite conclusion or result. It is data that does not provide enough information to make a clear decision or judgment.
What does financial statements means?
A financial statement is a document that documents a company's financial activities. It includes the income statement, balance sheet, and cash flow statement of a company. These financial statements provide information about a company's financial health, performance, and position.
The officers should be able to explain the assumptions and rationales behind the initial estimates, and discuss any adjustments that have been made since the time they were initially recorded. They should also be able to provide an explanation of any potential impacts the items may have on the overall financial statements. Finally, they should be able to provide an assessment of the likelihood of any further adjustments or changes in the near future.
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when determining relationships between variables, one of the criteria for a potential causal relationship is that the cause must happen before the effect. the two variables we are testing are sat average and completion rate. match the variable with its place in the relationship by selecting cause or effect.
A putative causal relationship between variables must meet the criterion that the cause must occur before the consequence.
How will you determine if the variables are causally related or not?Causation is the idea that one thing leads to another; in other words, action A produces outcome B. Even though one event does not always result in the occurrence of the other, correlation is simply a relationship where action A is related to action B.
What do you call the variables that provide explanation?A variable that is used to forecast or elucidate the response variable is referred to as a "explanatory variable." It is also frequently referred to as the independent variable because it is unrelated to the other variable.
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Veronica manages a team of medical transcribers, who all work from home and are paid hourly.
a. What are some potential problems she may encounter in getting the most productivity possible out of her employees?
Workers
paid hourly have an incentive to do no more than the minimum work necessary.
who are remotely located cannot be fully monitored to ensure they do not shirk their duties.
know their own capabilities better than she does, so only the most unsuitable workers will seek jobs with her company.
b. What are some possible solutions?
Veronica could
have individuals work in teams and reward teams for their performance.
introduce a profitâsharing arrangement, with commissions based on the amount of work completed.
mandate that individuals work a set number of hours to ensure that a sufficient amount of work is completed.
Veronica manages a team of medical transcribers, who all work from home (WFH) and are paid hourly, she may face problem of who are remotely located cannot be fully monitored to ensure they do not shirk their duties. The correct option is B.
What are the potential problems in work from home?
Due to COVID-19 pandemic, the work from offices shifted to home for health safety of employees, a mode of work adopted as Work from home model by Corporates.
But Work-from-Home impact the productivity of employees by several encounters such as:
Employees may face blurred work-life boundaries.Therefore the correct answer is B.
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The step of the control process utilized by managers to evaluate whether the actual performance of the organization differs significantly from the standards of performance that assess the organization is ________.
a. measuring actual performance
b. measuring standards of performance
c. comparing actual performance to the standards
d. initiating corrective action
The correct option is (c). The step of the control process utilized by managers to evaluate whether the actual performance of the organization differs significantly from the standards of performance that assess the organization is comparing actual performance to the standards.
Step three of the management method compares actual performance against chosen standards of performance. Managers judge whether or not, and to what extent, the performance of the organization deviates from the set standards of performance.
The operation may be viewed as a five-step process: (1) establish standards, (2) live performance, (3) compare actual performance with standards and establish any deviations, (4) verify the rationale for deviations, and (5) take corrective action if required.
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production facilities, office equipment, and heavy machinery are assets that are expected to last many years and are called long-term or blank assets.
Fixed is the answer. Production facilities, office furnishings, and large machinery are examples of long-term or fixed assets that are anticipated to last for many years.
What are long-term or blank assets?Long-term assets are investments in a corporation that will pay off eventually. Long-term assets might include tangible items that can't be touched, such long-term expenditures or a company's trademark, as well as intangible items like a company's property, plant, and equipment.
Long-term assets are things that a corporation uses to generate money over extended periods of time, such as over a year. Short-term assets are used for a period that is not quite a year and generate income or pay inside that year. Read more about the distinction among assets and liabilities.
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a unilateral promise to pay a sum of money or to give property in consideration of a promise to marry must be in writing. True/False ?
True. A unilateral promise to give money or property in exchange for an agreement to marry must be made in writing.
- A unilateral contract explicitly states that payment will only be provided in exchange for performance by one side. A prize or a competition is another illustration of a unilateral contract. In a unilateral contract, the offeror has the right to withdraw it prior to the offeree's commencement of performance.
- A "bilateral" contract, which involves exchanging one promise for another, is distinct from a "unilateral" contract. A unilateral agreement would go something like this: "I'll give you $1,000 if you drive my car from Cleveland to San Francisco." Accepting is doing the car. The distinction usually only has academic value.
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the federalists argued that a bill of rights was unnecessary and put forth three main arguments opposing it. each of the following was an argument against a bill of rights except .
A bill of rights would override the many civil liberties guaranteed in state constitutions was an argument against a bill of rights except .
The US Bill of Rights is the collective name for the first ten amendments of the US Constitution. The amendments to the Bill of Rights were proposed in reaction to the contentious discussion over the ratification of the Constitution in 1787–1788 and were meant to address the issues brought up by anti-federalists. They include precise assurances of individual liberties and rights as well as explicit affirmations that all powers not specifically provided to the federal government by the Constitution are reserved to the states in the Constitution. The Virginia Declaration of Rights (1776), the Northwest Ordinance (1787), the English Bill of Rights (1689), and Magna Carta are just a few of the older laws that these amendments codify.
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which of these are the two axes on which marketing channels can be viewed? (choose every correct answer.)
The two axes on which marketing channels can be viewed are Passive and interactive and Limited and expanded.
What does Marketing Channel means?
Marketing channels are the channels through which companies promote and distribute their products and services to customers. Traditional methods such as direct mail, television, and radio can be used, as well as newer methods such as online advertising, social media, and search engine marketing. Marketing channels connect producers and consumers and are an important part of the marketing process.
What does Advertising Necessary?
Advertising is necessary to help companies build awareness and create a positive image of their brand. It also helps businesses reach more potential customers, increase sales, and grow their business. Advertising can be used to inform customers about products and services, build loyalty, and create an emotional connection with customers.
Therefore the option B. Passive and interactive and option C. Limited and expanded are the correct answer.
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sandy sold 2 acres of land to her daughter, tara. sandy's basis in the land was $800 and she sold the land for $500. sandy's recognized loss on the sale is $
Based on the recognized loss concept, and descriptions given in the question, Sandy's recognized loss on the sale is $300.
What is a Recognized Loss?A recognized loss is a term that is used to describe the type of loss that is acquired through an investment or asset that is sold for less than its purchase price.
Generally, the recognized losses may be reported for income tax purposes and then carried over into future periods, thereby lowering any capital gains tax an investor would have to pay on a recognized profit.
In this case, given that the basis of the landed property is $800, and Sandy sold it to her daughter for $500, then the recognized loss is $300.
Recognized loss is also different from realized loss because Realized loss is a type of loss that individuals realized immediately after an investor completes a transaction but has no impact on their taxes.
Hence, in this case, it is concluded that the correct answer is $300.
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Risk-averse investors prefer to minimize uncertainty with their expectations of income from their investment. is More Dividends or Fewer Dividends?
Investors who are risk adverse aim to reduce uncertainty in their projections of investment returns: more dividends. A corporation's payout of profits to its shareholders is known as a dividend.
A dividend is a payment made by a corporation to its shareholders that is decided by the board of directors. Dividend payments are frequently made quarterly and might take the form of cash payments or stock reinvestments. A dividend is a gift that a business delivers to its shareholders, whether it be cash or something else. Dividends may be distributed in a number of ways, including stock dividends, cash payments, and other forms. The board of directors of a company determines its dividend, which requires shareholder approval. Regular profit-sharing payments between a corporation and its investors are known as dividends. The price per share, as well as the timing and frequency of dividend payments, are decided by a company's board of directors. A source of income, which can be particularly important during periods of inflation, can be provided by dividend stocks.
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Toonit, Inc., a May 31 fiscal year-end S corporation, files an S corporation termination on September 1, 2020. Toonit will no longer be treated as an S corporation on:
Toonit will no longer be treated as an S corporation on June 1, 2021 if no termination date is specified.
The shareholders must approve the termination of a S corporation's status willingly. To revoke S company status, any combination of shareholders holding at least 50% of the outstanding stock must consent.
Once a termination agreement has been struck, the following actions are taken.
The statement shall set forth the number of shares issued and outstanding as of the date of the election to become a S corporation.
The statement will list the shareholders, how they voted on the termination, and how many shares they had at the time of the vote.
The Statement shall be executed by each of the Shareholders identified therein.
The statement is sent to the Internal Revenue Service after being signed.
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Determine which statement below would support the argument that magazine covers should not be enhanced.(1 point)
Magazines sell better when they use stylized photos that show people from their best vantage point.
Celebrities have every right to look their best as they are constantly in the public eye.
The people on magazine covers are role models for younger people and should be shown realistically.
Part of a photographerâs job is to enhance his or her photos for the clients that wish it.
Magazines sell better when they use stylized photos that show people from their best vantage point.
a mag is a periodical ebook, normally posted on a regular schedule (often weekly or month-to-month), containing a ramification of content. they're generally financed via advertising and marketing, buy rate, pay as you go subscriptions, or with the aid of a aggregate of the 3. inside the technical feel a magazine has non-stop pagination in the course of a quantity. therefore enterprise Week, which starts every issue anew with page one, is a magazine, but the magazine of enterprise verbal exchange, which continues the same sequence of pagination for the duration of the coterminous yr, is a journal. a few professional or exchange courses also are peer-reviewed, for instance the journal of Accountancy.
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Declining balance depreciation methods multiply _____ by an annual rate that is a multiple of the straight-line rate.
Multiple choice question.
depreciable base
market value
cost less accumulated depreciation
cost less residual value
Declining balance depreciation methods multiply cost less accumulated depreciation by an annual rate that is a multiple of the straight-line rate.
What is accumulated depreciation?Accumulated depreciation can be understood as the cumulative depreciation of an asset up to a single point in its life. Accumulated depreciation is a contra-asset account which means its natural balance is a credit that reduces the overall asset value. It is the addition of all recorded depreciation on an asset to a specific date. It is presented on the balance sheet just below the related capital asset line.
The carrying value of an asset is its historical cost substracting accumulated depreciation.
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ip company has a beginning cash balance of $5,000; cash receipts of $20,000; cash disbursements of $15,000. IP Company's preliminary cash balance is
The preliminary cash balance of the IP company is $10,000.
To calculate the preliminary cash balance, use the following equation:
The preliminary cash balance is equal to the beginning cash balance plus cash receipts minus cash outlays.
$5,000 + $20,000 - $15,000 = preliminary cash balance
$10,000 is the preliminary cash balance.
A cash balance is the amount of money that a company has on hand right now. This money is kept on hand in case of unexpected cash outflows. Businesses may find themselves unable to pay their bills if this safety net is not in place.
The cash balance is typically used to pay down debt or returned to investors in the form of a dividend. Businesses that have a significant difference in the timing and amount of cash inflows and outflows require a cash balance in particular.
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the internal revenue service reports that the mean federal income tax paid in the year 2010 was $8040. assume that the standard deviation is $4700. the irs plans to draw a sample of 1000 tax returns to study the effect of a new tax law. part: 0 / 50 of 5 parts complete
The IRS plans to draw a sample of 1000 tax returns to study the effect of a new tax law so, the required probability is 0.3936.
Population Mean,μ = 8040.0, Population Standard Deviation,σ = 4700.0, and sample size n = 1000. x = 8040.0; σx = σ/√n = 4700.0 /√ 1000 = 148.6271. x is a random variable that follows a normal distribution. So, x~N(x = 8040.0 σx = 148.6271 ).
Now, We Have To Compute P (x < 8000.0 ), Therefore, p(x <8000.0) = p(x-x /σx<8000.0 – 8040.0/148,6271) = p(z < -0.27 ) = 0.3936. The required probability is 0.3936.
The United States federal government's revenue agency, the Internal Revenue Service, is in charge of obtaining federal tax payments. State income taxes are gathered by the particular state(s) where a taxpayer resides and derives income, whereas federal income taxes are gathered by the federal government.
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Wheel networks are usually found in teams, as they allow the intense interactions characteristic of teamwork. True/False
True. Wheel networks is most commonly used in team settings, as it allows for intense collaboration and communication between all members.
Explain the term Teamwork?
Teamwork is the cooperative effort of a group of people working together to achieve a common goal. It involves the sharing of tasks, responsibilities and rewards, and requires strong communication, collaboration and problem-solving skills. Teamwork is essential in any organization, as it encourages creativity, increases productivity and encourages positive relationships among colleagues.
What is a Wheel Network?
A wheel network is a sort of network that can be found in many different groups, teams, and organizations. It is a centralized communication framework that allows information to flow downward from supervisors to employees. This communication pattern is characterized by a single leader who directs the group.
Therefore, the statement is True.
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Fill in the blank.
“_______ the _______” is another term for networking.
A first impression is made in _______ seconds or less.
Your own personal presentation is a part of your company _______.
The goal of networking is to make new _______.
Engaging the people is another term for networking.
A first impression is made in 7 seconds or less.
Your own personal presentation is a part of your company image
The goal of networking is to make new acquaintances or partners.
What is networking?A group of computers sharing resources that are available on or offered by network nodes is known as a computer network. Over digital links, the computers communicate with one another using standard communication protocols.
interaction with others for the purpose of knowledge sharing and forming social or professional connections.
The goal of networking is to meet new people—friends, acquaintances in related fields, and perhaps business partners. You can advance swiftly in your profession with these new connections.
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Answer:
Engaging the people is another term for networking.
A first impression is made in 7 seconds or less.
Your own personal presentation is a part of your company image
The goal of networking is to make new acquaintances or partners.
Explanation:
The following information was taken from the bank transfer schedule prepared during the audit of Fox Co.’s financial statements for the year ended December 31, 2013. Assume all checks are dated and issued on December 30, 2013. a. Which of the checks might indicate kiting?b. Which of the checks illustrates deposits/transfers in transit on December 31, 2013?
correct answer is- Interbank switch time table indicates details that pertain to each and every transfer made to and from the banks the place a organisation operates accounts.
It additionally suggests transfers that take area between the banks where businesses operate accounts.
Why do bank transfers take three days?The online banking industry has a “three-day appropriate dollars model” policy; the place transfers will commonly take between two and four days. The banks prefer to be certain the money is actually there and accessible earlier than it lets the receiver use the cash – this is why they don't make the dollars accessible immediately.
A scheduled switch is a way of automatically moving money from your checking account to some other checking or savings account every pay period.
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https://brainly.com/question/1016861#SPJ4which of the following suggests that a working taxpayer is an employee rather than an independent contractor? A. works for only one firm B. working hours set for a taxpayer C. Works on employer premises D. All of the above suggest employee status E. None of the above is correct
All of the above suggest employee status suggests that a working taxpayer is an employee rather than an independent contractor.
A contractor is a person or business that works under contract. The phrase could be used to describe: a defense contractor or a business that makes or sells military equipment to governments. A general contractor is a person or business in charge of constructing a building or other structure. a private corporation that provides the government with goods or services is a government contractor. A natural person, company, or corporation that works as an independent contractor and delivers goods or services to another party in accordance with a contract. An entity or person that contracts to offer military-related services is a private military enterprise. A private business or proprietorship that provides school bus service to a school district or non-public institution is referred to as a "school bus contractor."
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