Certified Payroll Professional (CPP) Section 1
Which of the following forms may be completed and submitted to the IRS to determine the employment status of an individual for federal income and employment tax purposes? - Correct Answer-Form SS-8 Which of the following forms must be submitted to an independent contractor (who is paid at least $600) after the end of the year for services performed during that year? - Correct Answer-Form 1099-NEC All of the following types of evidence support an employer's treatment of a worker as an independent contractor under the "reasonable basis" test except: - Correct Answer- Place of work All of the following facts and circumstances would be typical of an independent contractor except: - Correct Answer-Paid by the hour Each of the following individuals would be classified as an employee except: - Correct Answer-Attorney (solo practitioner) All of the following workers are statutory employees except: - Correct Answer- Qualified real estate agents Full-time life insurance salespersons paid solely by commission are exempt from: - Correct Answer-FUTA tax If an employer fails to withhold social security and Medicare taxes from a worker it misclassifies as an independent contractor and does not file a Form W-2 or a Form 1099 for that worker, what penalty may the IRS impose? - Correct Answer-40% of the employee's share of social security and Medicare taxes
Document information
- Uploaded on
- November 3, 2023
- Number of pages
- 2
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
