Persons performing volunteer work are more likely to be deemed employees if:
a. their services are provided to non-profit agencies
b. they receive significant remuneration for their services
c. they retain control over their volunteer work schedule
d. all of the above
e. none of the above
B
You might also like to view...
White Corporation is a calendar-year taxpayer. Wilhelmina owns all of its stock. Her basis for the stock is $25,000. On March 1 of the current year (not a leap year), White Corporation distributes $60,000 to Wilhelmina. Determine the tax consequences of the cash distribution to Wilhelmina in each of the following independent situations:a)Current E&P $15,000, accumulated E&P $50,000.b)Current E&P $25,000, accumulated E&P $(25,000).c)Current E&P ($36,500), accumulated E&P $65,000.d)Current E&P ($10,000), accumulated E&P $(25,000).
What will be an ideal response?
Convertible bonds give the investor the option to acquire the firm's stock in exchange for the value of the underlying bond.
Answer the following statement true (T) or false (F)
Total Assests ___________ + ____________
Fill in the blank(s) with the appropriate word(s).
Sally is an electrician employed by Bogie Company. Sam is a self-employed electrician. During the current year, Sally's salary is $85,000, and Sam's net self-employment income is $85,000. Which of the following statements about the Social Security and self-employment taxes paid is/are correct? I.Sam pays more self-employment tax than what Sally pays in Social Security tax.II.Sam's self-employment tax is equal to the Social Security tax paid on Sally's income.?
A. Only statement I is correct. B. Only statement II correct. C. Both statements are correct. D. None of the statements are correct.