A Worker May Prefer to Be Treated as an Independent

question 150

Multiple Choice

A worker may prefer to be treated as an independent contractor (rather than an employee) for which of the following reasons:

• A)Avoids the cutback adjustment as to business meals.
• B)All of the self-employment tax is deductible for income tax purposes.
• C)Work-related expenses are not subject to the 2%-of-AGI floor.
• D)A Schedule C does not have to be filed.
• E)None of the above.

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Definitions:

Life Expectancy

The average period that an individual is expected to live, based on statistical analysis.

Increased

Describes something that has grown or risen in number, size, quantity, or degree.

Today's Americans

The current population of the United States, reflecting contemporary social, political, and demographic trends.

Cognitive Functions

Mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.