Which of the following forms should be used by a company to report a 2019 payment...
Which of the following forms should be used by a company to report a 2019 payment of $1,500 to a computer consultant who is not an employee of the company?
| a. |
Form 1099-MISC |
|
| b. |
Form 1099-DIV |
|
| c. |
Form W-4 |
|
| d. |
Form W-2 |
|
| e. |
Form 1099-INT |
Homework Answers
| Payment of $1,500 to a computer consultant who is not an employee of the company would be reported in Form 1099-MISC |
| Form 1099-MISC is used to report non-employee compensation. |
| Form 1099-MISC is used to report amounts paid to individual contractors,freelancers,etc. when the amount paid exceeds $600 in a year. |
| Option A Form 1099-MISC is correct |
Add Answer to:
Which of the following forms should be used by a company to
report a 2019 payment...
Which of the following forms is used by an employer to report quarterly wages and federal...
Which of the following forms is used by an employer to report quarterly wages and federal payroll tax withholdings and deposits? a. Form 941 b. Form 940 c. Form W-2 d. None of these e. Form 1099
Which of the following forms is an applicable large employer required to file with the IRS...
Which of the following forms is an applicable large employer required to file with the IRS to show that it offered coverage to an employee? Form 1095-A. Form 1095-C. Form 1099-MISC. Both A and B.
Fred received a Form 1099-misc with $4200 general contractor who paid him for carpentry. how should...
Fred received a Form 1099-misc with $4200 general contractor who paid him for carpentry. how should he report his income? A. report on Form 1040, line 21 B. complete Sched C-EZ with no expenses C. complete a Sched C and include any related expenses, such as mileage expense for driving to the home D. request that the general contractor replace with the Form 1099-misc with Form W-2
For each of the following payments, indicate the form that should be used to report the payment:
For each of the following payments, indicate the form that should be used to report the payment:a. Interest of $400 paid by a bank _________________b. Payment of $400 in dividends by a corporation to a shareholder_________c. Periodic payments from a retirement plan___________________d. Salary as president of the company____________________e. Las Vegas keno winnings of $25,000____________________
Form 1099-DIV is an information return used to show the payment of: a. None of these...
Form 1099-DIV is an information return used to show the payment of: a. None of these b. Interest. c. Distributions from a partnership. d. Dividends. e. Unemployment compensation.
All of the following are true regarding the 1099 series forms except: A. Most forms in...
All of the following are true regarding the 1099 series forms except: A. Most forms in the 1099 series are not filed with the return B. Most forms in the 1099 series should be furnished to the taxpayer by January 31 C. Any individual who makes reportable transactions, such as paying dividends during the calendar year must file 1099 series forms to report those transactions to the IRS D. Estates and trusts that make reportable transactions during the calendar year...
21. Taxable interest received by the taxpayer is reported on which of the following forms? A. Form 1040 (secon...
21. Taxable interest received by the taxpayer is reported on which of the following forms? A. Form 1040 (second page) and Schedule A. B. Form 1040 (second page) and Schedule B. C. Form 1040 (second page) and Schedule D. 22. Which one of the following statements describes dividends? A. Dividends on insurance policies are generally taxable. B. Exempt-interest dividends received from a mutual fund are included in gross income, but at a favorable tax rate. C. Nontaxable dividends reduce the...
What amount goes on line 20 and 21a from 2019 1040 tax return? What line should...
What amount goes on line 20 and 21a from 2019 1040 tax
return?
What line should I put the $35?
What amount goes on line 12a?
I
got some answers wrong but I am not sure which ones
John and Martha Holloway are married filing jointly. They are 35 and 31 years old, respectively. Their address is 10010 Dove Street Atlanta, GA 30294. Additional information about Mr. and Mrs. Holloway is as folows: Social security numbers John 412-34-5670 Date of...
Question 9 of 75. Which of the following is true of spouses who have made the...
Question 9 of 75. Which of the following is true of spouses who have made the election to operate as a qualified joint venture? O They must use the MFS fling status. O They may combine their income on a joint Schedule C. O Each files their own Schedule C and their own Schedule SE O They may jointly deduct the expenses of the business. I Mark for follow up Question 10 of 75. Larry uses an accrual method of...
17. What is the amount of Noah and Ella's standard deduction? $ 18. Which of the...
17. What is the amount of Noah and Ella's standard deduction? $ 18. Which of the following items are included in the total payments on Noah and Ella' tax return? a. Federal income tax withheld from Forms W-2 and 1099 b. $500 estimated tax payment c. Refundable credits d. All of the above 19. Leo and Freddie are dependents on Noah and Ella's 2019 tax return. a. True b. False
What amount goes on line 20 and 21a from 2019 1040 tax
return?
What line should I put the $35?
What amount goes on line 12a?
I
got some answers wrong but I am not sure which ones
John and Martha Holloway are married filing jointly. They are 35 and 31 years old, respectively. Their address is 10010 Dove Street Atlanta, GA 30294. Additional information about Mr. and Mrs. Holloway is as folows: Social security numbers John 412-34-5670 Date of...
Question 9 of 75. Which of the following is true of spouses who have made the election to operate as a qualified joint venture? O They must use the MFS fling status. O They may combine their income on a joint Schedule C. O Each files their own Schedule C and their own Schedule SE O They may jointly deduct the expenses of the business. I Mark for follow up Question 10 of 75. Larry uses an accrual method of...
17. What is the amount of Noah and Ella's standard deduction? $ 18. Which of the following items are included in the total payments on Noah and Ella' tax return? a. Federal income tax withheld from Forms W-2 and 1099 b. $500 estimated tax payment c. Refundable credits d. All of the above 19. Leo and Freddie are dependents on Noah and Ella's 2019 tax return. a. True b. False
Most questions answered within 3 hours.
-
An FM modulator is tested using
single-tone baseband signal with frequency of 50kHz and a sprectrum...
asked 2 minutes ago -
Write the ionic equations for the first stage of salts
hydrolysis.
Anion, Cation?
Na2S
NiSO4
K2SO4...
asked 1 hour ago -
suppose there is a normally distributed population with a mean of
250 and a standard deviation...
asked 2 hours ago -
Question Three
Suppose you as project manager are using the Waterfall
development methodology on a large...
asked 3 hours ago -
Which statement is not true about welfare in Canada?
A.Benefits typically vary based on one's ability...
asked 3 hours ago -
Please help me with FLOWCHART and UML diagram for class,
thank you!
#include <iostream>
#include <fstream>...
asked 4 hours ago -
3. Describe the “logic circuit” of the Lac operon. Which
proteins are bound or not to...
asked 4 hours ago -
Ayesha’s adjusted gross income is $60,000 in 2019. She donated a
piece of artwork with a...
asked 4 hours ago -
For Dijkstra’s shortest path algorithm:
a. Give the Big-O time for Dijkstra’s shortest path algorithm
and...
asked 4 hours ago -
Phosphorus violates the 'octet rule' in biological molecules,
forming more covalent bonds than expected based on...
asked 4 hours ago -
A 1.3 eV electron has a 10-4 probability of tunneling
through a 2.4 eV potential barrier....
asked 5 hours ago -
What is the one ingredient that is common to being successful
with all stakeholders?
profit
trust...
asked 5 hours ago