Which of the following is a reason a person would prefer to be an independent contractor?
A) An independent contractor pays only 7.65 percent FICA tax.
B) An independent contractor can deduct expenses directly from business income.
C) An independent contractor can deduct his or her health insurance directly from business income.
D) An independent contractor can participate in the retirement plan of the business for which he or she is performing work.
Correct Answer:
Verified
Q13: _ 6.A rational taxpayer in the 25%
Q14: _ 3.S corporations have an incentive to
Q15: _ 14.Stock appreciation rights allow an employee
Q16: _ 10.An employee holiday party would be
Q17: _ 13.An employee who receives a nonqualified
Q19: _ 4.Employers must withhold the Medicare surtax
Q20: _ 9.As long as the plan is
Q23: Wilma is CEO of and owns 100
Q28: Which of the following is a working
Q56: What is a phantom stock plan?
A)A purchase
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents