Question

Mia typically works 40 hours or more each week; however, she can set her schedule. She is paid based on the company’s profits.

Which best explains Mia’s employment status?

Mia is an hourly employee of the company.
Mia is a freelance contractor with the company.
Mia is an entrepreneur who owns the company.
Mia is a salaried exempt employee of the company.

Answer 1

Mia is an entrepreneur who owns the company.

Reason: being paid based on company profits indicates ownership/entrepreneurship. Hourly and salaried employees receive wages or salary, and contractors are paid per contract or project, not from company profits.