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Question
- which form is used by independent contractors to report income? 4 points a) 1099 b) w - 4 c) w - 2 d) i - 9 26. gross earnings means: 4 points a) take - home pay after deductions b) tax refunds c) overtime pay only d) total pay before deductions
For question 25, form 1099 is used by independent contractors to report income. W - 4 is for employees to indicate tax - withholding information, W - 2 is an employer - issued form for employees' annual wage and tax statement, and I - 9 is for employment eligibility verification. For question 26, gross earnings are the total pay before any deductions are made. Take - home pay after deductions is net pay, tax refunds are not related to the definition of gross earnings, and overtime pay is just a part of gross earnings in some cases.
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- a) 1099
- d) Total pay before deductions