Independent Contractor, Indexing, Indirect Cost, Indirect Labour




Independent Contractor, Indexing, Indirect Cost, Indirect Labour :




Independent Contractor : A person who works for a firm but is paid like a vendor : A taxation law abides by a number of criteria that must be for a worker to be considered an independent contractor : the employer cannot set hours of work, place of work, furnish a significant portion of tools to perform the job, directly supervise the work in progress, etc. : The independent contractor is fully paid with no deductions for withholding or FICA : he or she is responsible for filing an estimated tax form and paying self-employment tax



Indexing : Labour Relations Regulating wages such as the consumer price Index



Indirect Cost : The cost of expenditures like labour, materials, overhead, etc. which is not related directly to the manufacture of the product, group of products, or service that a company offers for sale



Indirect Labour : The expense of labour which is not directly related to the manufacture of the product, group of products, or service that a company offers for sale




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