A Worker May Prefer to Be Treated as an Independent

question 6

Multiple Choice

A worker may prefer to be treated as an independent contractor (rather than an employee) for which of the following reasons:

• A)Avoids the cutback adjustment as to business meals.
• B)All of the self-employment tax is deductible for income tax purposes.
• C)Work-related expenses are not subject to the 2%-of-AGI floor.
• D)A Schedule C does not have to be filed.
• E)None of these.

---

Definitions:

MBI Stock

This term does not seem to reference a commonly recognized financial instrument or concept; it might refer to the stock of a specific company identified by the acronym MBI, but without further context, a detailed definition cannot be provided.

Futures Call Option

A financial contract that gives the buyer the right, but not the obligation, to buy an underlying asset at a specified price on or before a certain date.

Futures Contract

A contractual arrangement to purchase or sell a specific asset or commodity at an agreed price on a future date.

Specified Price

A pre-determined price agreed upon by all parties involved in a transaction.