Ava Reports Income from a Sole Proprietorship,earning Interest on Bank

question 57

Multiple Choice

Ava reports income from a sole proprietorship,earning interest on bank accounts and gains on sales of stock.In addition to the Form 1040,she will need to file

• A)Form 1099.
• B)Schedule 1.
• C)Schedule 2.
• D)none of the above.

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Definitions:

Routine Orders

Regular, repeated purchase orders for goods or services that are used on a consistent basis in a company's operations.

Customer Problems

Issues or challenges faced by customers that businesses aim to solve through their products or services.

Inside Order Takers

Employees who handle orders from customers mainly through indirect channels such as phone or email, rather than through face-to-face interaction.

Outside Order Takers

are sales personnel who visit customers or potential customers in their places of business or residences to take orders for products or services but do not engage in proactive selling.