In contrasting the reporting procedures of employees and self-employed persons regarding job-related transactions, which of the following items involve self-employed?
A) Schedule C of Form 1040.
B) Form W-4.
C) Form W-2.
D) Schedule A of Form 1040.
E) None of these.

Question

Quizplus · Accepted Answer

Schedule C of Form 1040 is used by self-employed individuals to report their income and expenses for their business or profession. Form W-4 and Form W-2 are used by employees to report their income and taxes withheld by their employer. Schedule A of Form 1040 is used to report itemized deductions by both employees and self-employed individuals.

In Contrasting the Reporting Procedures of Employees and Self-Employed Persons