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 always participate in the retirement plan of the business for which he or she is performing work.

Question

Quizplus · Accepted Answer

Independent contractors can deduct business expenses directly from their income, which can reduce their taxable income.

Which of the Following Is a Reason a Person Would