Which of the Following Statements Regarding Independent Contractors and Employees

question 51

Multiple Choice

Which of the following statements regarding independent contractors and employees is true?

• A)Independent contractors pay Social Security and Medicare tax of 15.3%.
• B)Employees must pay unemployment taxes.
• C)Independent contractors and employees pay the same Social Security and Medicare tax rates.
• D)Independent contractors deduct their business expenses "from AGI."

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Definitions:

Mimic

Imitation of someone or something, often to entertain or to learn.

Depressants

Drugs that slow activity in the central nervous system.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out information.

Slow Down

A decrease in speed or rate, often advised as a strategy to reduce stress or increase accuracy in tasks.