Acme Solutions Employee Training: Nicco's Role
Nicco's Role at Acme Solutions
Acme Solutions often hires Nicco to train its employees. He is paid $300 for every session. His job also requires him to travel once a month to different branches of Acme Solutions and train employees there. All training materials have to be provided by Nicco himself. When he is not hired by Acme Solutions, Nicco works for other smaller companies as a trainer.
Identification of Nicco's Work Status
Nicco is mostly like an independent contractor for Acme Solutions.
Explanation
An independent contractor is a licensed person or organization that is hired by another entity to complete work or provide services. Independent contractors are considered as sole proprietors or Limited Liability Companies (LLCs) in the United States of America.
If Nicco is benefiting from rental homes or other sources of income, he would need to report his income and expenses on Schedule C of Form 1040 or Schedule E. Self-employment taxes also need to be paid to the IRS, typically on a quarterly basis using Form 1040-ES.
Nicco is mostly like a(n): a) full-time employee at Acme Solutions b) social worker c) trade creditor d) independent contractor for Acme Solutions Nicco is mostly like an independent contractor for Acme Solutions.