Regarding independent contractors and employees is true

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Reference no: EM132049727

1. Which of the following statements regarding independent contractors and employees is true?

A) Employees must pay unemployment taxes.

B) Independent contractors pay Social Security and Medicare tax of 15.3%.

C) Independent contractors and employees pay the same Social Security and Medicare tax rates.

D) Independent contractors deduct their business expenses "from AGI."

2. An example of a horizontal manager would be

A) yahoo buying ford

B) ford buying Yahoo

C) Ford buying nike

D) Goodyear buying ford

E) Ford buying GM

Reference no: EM132049727

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