Answers CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY PretestQuestion 4

4

lesson pretestMultiple Choice

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Question 4 • CMS 2026-2027 Economics and Personal Finance CREDIT RECOVERY

What is the difference between an employee and a contractor?

Answer

A

Contractors may choose when and where they work.

B

Contractors are paid a pre-determined annual salary.

C

Employees are paid based on the project completed.

D

Employees receive a 1099 statement.

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