Explain the principal-agent relationship

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Reference no: EM132233744

Objectives:

Categorize the rights, duties, and liabilities of the principal and the agent in an agency relationship

Assignment Overview:

In this web research and writing assignment, you will apply the "employee versus independent contractor" status determination, commonly referred to as the "20-Factor Test," to a hypothetical scenario.

Deliverables:

A 150-word (2-3 paragraph) paper

Step 1: Research the "20-Factor Test."

Through Internet research, review the "20-Factor Test" that courts and the Internal Revenue Service (IRS) use in determining whether an individual is an employee or an independent contractor.

Step 2: Write a paper applying the "20-Factor Test" to a scenario.

In a short paper, describe a hypothetical scenario involving the question of whether an individual is an employee or an independent contractor and issue a determination (based on the hypothetical you have created, and applying the "20-Factor Test" to your hypothetical) as to whether the person is an employee or an independent contractor.

Reference no: EM132233744

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