Question

Which of the following factors, if any, is a characteristic of independent contractor status? a.Workplace fringe benefits are not available. b.Services are performed for more than one business. c.Receipt of a Form 1099 reporting payments received. d.Work-related income and expenses are reported on Schedule C (Form 1040). e.All of these choices are characteristic of independent contractor status.

Answer 1

. e.All of these choices are characteristic of independent contractor status.

Step-by-step explanation:

Independent contractor status is given to an worker who provide a certain service without actually being a part of another organization. (Example of this would be a freelance journalist or freelance programmer)

Since they are not part of the organization, they would not receive fringe benefits that companies provided exclusively for the employees. They also able to take multiple contracts from different organizations to add their sources of income.

They also required to fill form 1099 and 1040 to count the overall amount that they have to pay to the government. Form 1099 will be used to count their overall income along with their income bracket, while form 1040 will be used to count the things that they can use as deductions of their tax.