Which of the Following Forms Should Be Used by a Company

question 49

Multiple Choice

Which of the following forms should be used by a company to report a payment of $1,500 to a computer consultant who is not an employee of the company?

• A)Form 1099-INT
• B)Form W-4
• C)Form W-2
• D)Form 1099-DIV
• E)Form 1099-MISC

---

Definitions:

Schwann Cell

A type of glial cell in the peripheral nervous system that wraps around nerve fibers, forming the myelin sheath, which helps in the rapid conduction of nerve impulses.

Myelin Sheath

The fatty layer that covers and insulates axons of many neurons, facilitating the rapid transmission of nerve impulses.

PNS

Abbreviation for Peripheral Nervous System, which encompasses all the nerves outside the brain and spinal cord and connects the CNS to the limbs and organs.

CNS

Stands for Central Nervous System, which includes the brain and spinal cord, responsible for processing and sending out information throughout the body.