Which of the Following Statements Regarding Independent Contractors and Employees

question 51

Multiple Choice

Which of the following statements regarding independent contractors and employees is true?

• A)Independent contractors pay Social Security and Medicare tax of 15.3%.
• B)Employees must pay unemployment taxes.
• C)Independent contractors and employees pay the same Social Security and Medicare tax rates.
• D)Independent contractors deduct their business expenses "from AGI."

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Definitions:

Plant Cells

The basic structural and functional units of plants, distinguished by their cell wall, chloroplasts, and central vacuole.

Pigments

Substances that give color to living things, found in the skin, hair, eyes, plants, and many other parts of living organisms.

Mitochondrion

A double-membraned organelle found in most eukaryotic cells, central to the production of ATP (energy) through the process of cellular respiration.

Powerhouse

Colloquially refers to mitochondria, organelles in cells that produce energy through respiration and regulate cellular metabolism.