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Only Self-Employed Individuals Are Required to Make Estimated Tax Payments

question 37

True/False

Only self-employed individuals are required to make estimated tax payments.


Definitions:

Principal-Agent

Refers to a relationship where one party (the principal) grants authority to another party (the agent) to act on their behalf in transactions or other matters.

Employer

An individual or entity that hires and pays people to perform specific jobs or services.

Independent Contractor

A person who is hired to perform a task for another but who is not the other’s employee.

Employee

An individual who works for an employer and is entitled to receive compensation in exchange for their labor or services.

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