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

Question

Quizplus · Accepted Answer

All of the factors listed are characteristics of independent contractor status. An independent contractor typically performs services for multiple clients or businesses, receives a Form 1099 instead of a W-2 to report income received, is not eligible for workplace fringe benefits such as health insurance or retirement plans, and reports work-related income and expenses on Schedule C (Form 1040).

Which of the Following Factors, If Any, Is a Characteristic