If the Internal Revenue Service (IRS) determines that an independent contractor is really an employee, the employer will be liable for: Blank______.Multiple choice question.all applicable back pay that is due the independent contractorall applicable taxes, such as Social Security and unemployment taxesthe fee associated with changing the status of that person to employeea fine to be determined on a case-by-case basis by the IRS

Generally, an employer is liable for which of the following?Multiple choice question.The unemployment insurance premiums of its independent contractorsThe employee benefits of its independent contractorsThe worker's compensation insurance premiums of its independent contractorsThe torts of its employees

Independent contractors receive a _____ form from their clients that verifies their earnings for the year.A.1099B.W-4C.1040D.W-2SUBMITarrow_backPREVIOUS

Which statement is true?A.Independent contractors have taxes withheld from each paycheck.B.Independent contractors are not allowed to use tax deductions.C.Independent contractors do not pay income tax.D.Independent contractors make estimated tax payments.SUBMITarrow_backPREVIOUS

Which tax form does an independent contractor use to report earnings?A.W-2B.1099C.W-4D.1040

Which of the following statements is FALSE in relation to independent contractors?ResponsesA They have a set term for a project and control their own workThey have a set term for a project and control their own workB They do not have the same legal status as employeesThey do not have the same legal status as employeesC They get paid superannuation by the employerThey get paid superannuation by the employerD They need to provide their own annual leave