what is the difference between an employee and a contractor?\no employees receive a 1099 statement.\no…

what is the difference between an employee and a contractor?\no employees receive a 1099 statement.\no contractors may choose when and where they work.\no employees are paid based on the project completed.\no contractors are paid a pre - determined annual salary.

what is the difference between an employee and a contractor?\no employees receive a 1099 statement.\no contractors may choose when and where they work.\no employees are paid based on the project completed.\no contractors are paid a pre - determined annual salary.

Answer

Brief Explanations:

  1. Employees typically receive a W - 2 form for tax purposes, not a 1099 statement which is for contractors.
  2. Contractors often have more flexibility in choosing their work hours and location as they are not bound by the same employer - set schedules as employees.
  3. Employees are usually paid on a regular schedule (e.g., hourly, salaried) rather than based solely on project completion.
  4. Contractors are usually paid per project or task, not a pre - determined annual salary like many employees.

Answer:

B. Contractors may choose when and where they work.