Enrolled agent part 2 - Study guides, Class notes & Summaries

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Enrolled Agent - Part 2 -with 100% verified solutions -tutor verified.

Enrolled Agent Exam Prep - Part 2 Latest Update Actual Exam 250+ Questions and 100% Verified Correct Answers Guaranteed A+

Enrolled Agent - Part 2 questions with correct answers 2024 Definition of Self-employed - Answer- You are self-employed if you carry on a trade or business as a sole proprietor or an independent contractor. Statutory employees - Answer- 1. Pay FICA tax through their employer, and so do not pay self-employment tax (Employer pays Social Security and Medicare taxes in the form of FICA). 2. Less expensive to hire than regular employees because the employer does not have to pay unemployment ta...

Enrolled Agent - Part 2 -with 100% verified solutions -tutor verified

Enrolled Agent Exam - Part 2 Tough Topics

1. Milton is retiring on his 65th birthday. He is eligible for Medicare and already receives Social Security benefits. How does he enroll in Original Medicare? -He can only sign up for Medicare Parts A and/or B at his local Social Security office. -He can sign up for Medicare Parts A and/or B with any licensed insurance agent. -His enrollment in Medicare Parts A and B is generally automatic if he meets all eligibility requirements -He must enroll in Medicare Parts A and B through his current...

Enrolled Agent Part 2 Sample Test 4

ENROLLED AGENT [IRS- BUSINESS] PART 2 EXAM ENROLLED AGENT [IRS- BUSINESS] PART 2 EXAM WITH GUARANTEED ACCURATE ANSWERS |VERIFIED Which form of business entity is not a legal entity separate and apart from its owner? A. Corporation B. Partnership C. Sole proprietorship D. S corporation - ACCURATE ANSWERC Under which circumstance is an entity required to apply for a new employer identification number? A. Proprietorship that incorporates B. Business name change C. Electing or r...