Multiple Choice
The IRS has developed a three-prong test to determine an agent's status.Which of the following is not a prong in this test?
A) Whether the working relationship is written or oral.
B) Behavioral aspects of the agency.
C) The type of working relationship between the principal and the agent.
D) The financial arrangements between the principal and the agent.
Correct Answer:

Verified
Correct Answer:
Verified
Q52: Acceptance of an agent's previously unauthorized act
Q53: The Happy Days Day Care is hiring
Q54: In an agency relationship,one party agrees to
Q55: One of the principal's duties is to
Q56: An agent may work for two principals
Q58: One significant benefit of an employer's completing
Q59: An independent contractor is not considered an
Q60: The centerpiece of a fiduciary obligation is
Q61: With regard to negligent hiring,courts would require
Q62: Generally,the agent's duty to keep an accounting