Which of the Following Statements Concerning a Comparison Between Employees

question 110

Multiple Choice

Which of the following statements concerning a comparison between employees and independent contractors is most accurate?

• A) Employees and independent contractors deduct business expenses as miscellaneous itemized deductions.
• B) While employees are typically eligible for nontaxable fringe benefits from employers, independent contractors are not.
• C) Employers typically withhold federal income taxes from compensation paid to employees and to independent contractors.
• D) Employers are required to withhold either FICA or self-employment taxes from compensation paid to employees and compensation paid to independent contractors.

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Definitions:

Property Registers

Official records that list the ownership, value, and details of properties in a specific area, used for legal, taxation, and administrative purposes.

Terms Of Service

Legal agreements between a service provider and a user, outlining the rules and guidelines under which the service must be used.

White Settlement

Areas primarily inhabited and established by Europeans or descendants, often in the context of colonial expansion.

Governor Berkeley

A historical figure known for his role as a colonial governor in Virginia, often associated with the governance during periods of early American history.