Tài chính doanh nghiệpCâu 1161 / 1605
The difference between an employee and an independent subcontractor matters for taxes primarily because:
a.Employers must withhold payroll taxes for employees but not for legitimate subcontractors
b.Employees never receive a W-2
c.Subcontractors must be paid in cash
d.Independent subcontractors receive a W-2
Giải thích
For employees, the contractor withholds and pays payroll taxes and issues a W-2. A legitimate independent subcontractor is paid gross and issued a 1099, handling its own taxes. Misclassifying employees as subcontractors to avoid payroll taxes exposes the contractor to back taxes and penalties.
Luyện miễn phí toàn bộ 1605 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A sole proprietor contractor reports his business profit for federal income tax on:
- Self-employment tax paid by a sole proprietor covers:
- A contractor who has employees must withhold from their paychecks and remit:
- A contractor pays an unincorporated subcontractor $12,000 for services during the year. He generally must issue the subcontractor:
- California sales tax rates vary by location because:
- A contractor buys a $30,000 truck with a 5-year useful life and no salvage value. Using straight-line depreciation, what is the annual depreciation expense?
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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)