In the Current Year, Johnice Started a Profitable Bookkeeping Business

question 100

Multiple Choice

In the current year, Johnice started a profitable bookkeeping business as a sole proprietor. Johnice made $38,000 in her first year of operation. What two forms must Johnice file for her business?

• A)Schedules A and C
• B)Schedules D and E
• C)Schedule SE and C
• D)Schedules B and C
• E)None of these

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Definitions:

Referent Power

Referent Power is a form of influence based on the charisma or likeability of an individual, leading others to emulate or follow them voluntarily.

Reward Power

The ability to influence others' behavior through the offering of positive incentives or benefits.

Legitimate Power

refers to the authority that an individual or entity has, recognized as rightful by those who are governed or led.

Public Organizations

Entities that operate within the government framework, providing services to the public and funded by tax dollars and other government revenues.