Which of the Following Statements Regarding Tax Payments Is True

question 2

Multiple Choice

Which of the following statements regarding tax payments is true?

• A) Sole proprietors must make quarterly estimated payments of income tax, but self-employment tax is not due until the return is filed.
• B) Sole proprietors must make quarterly estimated payments of self-employment tax, but income tax is not due until the return is filed.
• C) Sole proprietors must make quarterly estimated payments of income tax and self-employment tax.
• D) Sole proprietors are not required to pay income tax or self-employment tax until the return is filed.

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Definitions:

Wireless Sensor

An autonomous device that monitors its own condition as well as physical and environmental conditions around it, such as temperature, sound, pressure, vibration, and movement.

IoT

Short for Internet of Things, it refers to the network of physical objects—devices, vehicles, buildings and other items embedded with electronics, software, sensors, and network connectivity that enables these objects to collect and exchange data.

Telemetry

The automatic recording and transmitting of data from remote or inaccessible sources to an IT system in a different location.

Bar Codes

Machine-readable representations of data that describe the object to which they are attached, typically used for identifying and tracking products.