All of the Following Are Self-Employment Income Except

question 64

Multiple Choice

All of the following are self-employment income except

• A)net income of a sole proprietorship.
• B)dividends received by a corporate shareholder.
• C)fees received for serving as a director of a corporation.
• D)distributive share of partnership income from a partnership operating a business.

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Definitions:

Overall

Pertaining to the total, aggregate, or general effect, situation, or assessment.

Absorption Costing

In this accounting method, the complete cost of manufacturing a product, taking into account direct materials, direct labor, along with variable and fixed overheads, is included in the product's price.

Variable Costing

An accounting method that includes only variable production costs (direct materials, direct labor, and variable manufacturing overhead) in product cost calculations, excluding fixed overhead.

Unit Product Cost

The total cost (both fixed and variable) to produce a unit of product, often used in pricing and decision-making processes.