Here are the answers to the statements based on Lori's 1099-MISC form:
Statement 1: Lori received a total of $3,500 from Acme Corporation for consulting services rendered in the year 2022.
Statement 2: The 1099-MISC form was issued on February 28, 2023.
Statement 3: Lori's address listed on the form is 123 Main Street, Anytown, USA 12345.
Statement 4: The form includes a check box indicating direct sales of $5,000 or more.
The Complete Question
Lori's 1099-MISC Form
Payer: Acme Corporation
Payer Address: 456 Elm Street, Anytown, USA 54321
Recipient: Lori Smith
Recipient Address: 123 Main Street, Anytown, USA 12345
Form Date: February 28, 2023
Box 7: Nonemployee Compensation
Box 10: $3,500
Box 11: Consulting Services
Box 12: 2022
Check Box 6: Direct Sales of $5,000 or More (X)
Use Lori's 1099-MISC form to complete the following statements. Each statement contains a drop-down menu with multiple options.
Choose the most accurate answer based on the information in Lori's form.
Statement 1: Lori received a total of ____ from ____ for ____ services rendered in the year ____.
Drop-down menu 1: amount
Answer choices: $1,500, $2,500, $3,500
Drop-down menu 2: payer
Answer choices: Acme Corporation, Big Box Retail, Dr. Smith
Drop-down menu 3: services rendered
Answer choices: consulting, writing, photography
Drop-down menu 4: year
Answer choices: 2022, 2023, 2024