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Author Question: Which of the following statements regarding independent contractors and employees is true? (Read 57 times)

cagreen833

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on: Sep 13, 2020

Question 1

West's adjusted gross income was $90,000. During the current year he incurred and paid the following:



None of the expenses were reimbursed. Assuming he can itemize deductions, how much should West claim as miscellaneous itemized deductions (after limitations have been applied)?
◦ $2,700
◦ $4,500
◦ $3,500
◦ $5,300

Question 2

Which of the following statements regarding independent contractors and employees is true?
◦ Independent contractors pay Social Security and Medicare tax of 15.3%.
◦ Employees must pay unemployment taxes.
◦ Independent contractors and employees pay the same Social Security and Medicare tax rates.
◦ Independent contractors deduct their business expenses "from AGI."
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by cagreen833 on Sep 13, 2020

kthug

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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cagreen833

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Reply 2 on: Sep 13, 2020
Thanks for the timely response, appreciate it

ricroger

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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