In Contrasting the Reporting Procedures of Employees and Self-Employed Persons

question 33

Multiple Choice

In contrasting the reporting procedures of employees and self-employed persons regarding job-related transactions, which of the following items involve self-employed?

• A)Schedule C of Form 1040.
• B)Form 2106.
• C)Form W-2.
• D)Schedule A of Form 1040.
• E)None of these.

---

Definitions:

New Deal

A series of programs, public work projects, financial reforms, and regulations enacted by President Franklin D. Roosevelt in the United States during the 1930s.

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment and recommendations for government intervention in economies to stimulate demand and avoid economic depressions have had a profound influence on modern economic and political theory.

Civil Penalty

A fine or monetary punishment levied by a government agency as a consequence of violating laws or regulations, not involving criminal prosecution.

Federal Reserve

The central banking system of the United States, responsible for monetary policy, regulation of banks, and stability of the financial system.