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independent contractor

   Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia 0.03 sec.
independent contractor
Medtalk A nonsalaried employee–eg, 'temp' nurse, 'per-diem' physician, consultant, etc, who provides a service at a rate higher than that of a salaried full-time employees, who is hired on an 'as-needed' basis; ICs don't receive health benefits, retirement contributions, paid vacation, or have part of their pay deducted for taxes. See Employee, Locum tenens, Per diem.


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The key is degree of control--the more control the business has over a worker, the more likely it is that the worker is an employee rather than an independent contractor.
He checks references thoroughly before putting a new independent contractor on a job site, he says.
Independent Contractor Law: However, on July 19, 2004, the Massachusetts legislature enacted a new law, as part of a public construction bill, that affects the classification of workers in all industries.
 
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