Tài chính doanh nghiệpCâu 1158 / 1605
A sole proprietor contractor reports his business profit for federal income tax on:
a.The CSLB license application
b.A corporate Form 1120 only
c.Schedule C of his personal Form 1040
d.Form W-2 issued to himself
Giải thích
A sole proprietor reports business income and expenses on Schedule C, which flows to the owner's personal Form 1040. The net profit is subject to personal income tax and self-employment tax; there is no separate corporate return for a sole proprietorship.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under the schedule-of-values method of progress billing, each payment application is based on:
- In California, sales or use tax on materials a contractor consumes to fulfill a construction contract is generally:
- The California minimum franchise tax that most corporations must pay to the Franchise Tax Board each year is:
- Self-employment tax paid by a sole proprietor covers:
- A contractor who has employees must withhold from their paychecks and remit:
- The difference between an employee and an independent subcontractor matters for taxes primarily because:
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Sen Lin, Người sáng lập PrepPass · Đối chiếu với California CSLB Contractor License Law & Business Exam · Quy trình kiểm tra
Người kiểm duyệt Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — kiểm tra)