What Is a 1099 and When Is It Prepared

question 12

Multiple Choice

What is a 1099 and when is it prepared?

• A)A 1099 is an IRS Form completed for sole proprietorships and partnerships that a company paid $600 or more for services in a year.
• B)An IRS Form completed for corporations that another company paid $600 or more for services in a year.
• C)An IRS Form completed for individuals a company paid $6,000 or more for services in a year.
• D)An IRS Form completed for sole proprietorships and partnerships a company paid $60 or more for services in a year.

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Definitions:

Domain

The collection of all potential x-values for which a given function exists.

Range

The difference between the highest and lowest values in a set of data, or the set of all possible values of a function.

\(f ( x )\)

Represents a function of x, a way to show the relationship between x (input) and f(x) (output) in mathematical terms.

Surface Area

The total area of the exterior surface of a three-dimensional object.