Which of the Following Forms Is Used to Report an Independent

question 68

Multiple Choice

Which of the following forms is used to report an independent contractor's compensation?

• A)941
• B)W-2
• C)W-3
• D)1099-Misc.

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Definitions:

Trade War

A situation in which countries try to damage each other’s trade, typically by the imposition of tariff and quota restrictions.

Tariffs

Taxes imposed by a government on goods and services imported from other countries.

Quotas

Set limits or targets, usually pertaining to sales, production, or imports and exports, that a company or government aims to achieve.

World Trade Organization

An international organization that regulates international trade, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.