Which of the Following Statements Concerning a Comparison Between Employees

question 163

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 are required to withhold either FICA or self-employment taxes from compensation paid to employees and compensation paid to independent contractors.
• D)Employers typically withhold federal income taxes from compensation paid to employees and to independent contractors.

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Definitions:

Heterogeneous

Consisting of elements or components that are very different from one another; diverse in character or content.

Prefix

A linguistic element placed at the beginning of words to modify their meaning or create new terms, commonly used in medical nomenclature.

SOAP

An acronym for Subjective, Objective, Assessment, and Plan; a method used in medical documentation to organize patient notes.

Assessment

The evaluation or estimation of the nature, quality, or ability of someone or something.