Which of the following forms is used to report an independent contractor's compensation?
A)941
B)W-2
C)W-3
D)1099-Misc.

Question

Quizplus · Accepted Answer

Form 1099-Misc is used to report the compensation paid to independent contractors. Option A (form 941) is used to report employment tax withholding and payments. Option B (W-2) is used to report the wages paid to employees. Option C (W-3) is a transmittal form used to submit W-2 forms to the Social Security Administration.

Which of the Following Forms Is Used to Report an Independent