Which Statement Is NOT True About the Differences Between the Income

question 3

Multiple Choice

Which statement is NOT true about the differences between the income on a W-2 and that on a 1099 form?

• A) 1099 income is untaxed where the income on a W-2 is already taxed.
• B) A 1099 form is for income other than wages.
• C) The income on a 1099 is money from interest,royalties,rents,and more.
• D) The 1099 income is not reported to the IRS while the W-2 income is reported.

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