Irs rule relationship - Study guides, Class notes & Summaries

WGU Employment Law - C233 Exam Questions with 100% Correct Answers Which of the following is not a purpose or function of the law? Facilitate for private arrangements between individuals Prevent desirable, or promote undesirable, behavior Settle private and public disputes Determine procedures for changing the law - answerPrevent desirable, or promote undesirable, behavior What is a precedent? A reason a law is made A group or person exempt from the laws A controlling rule, example, o...

A controlling rule, example, or guide - -What is a precedent? The power of the Supreme Court to consider whether a law comports with the Constitution - -What is a judicial review? Independent Contractor - -Of the following classifications of worker, which causes the smallest obligation to the employer? 1) the IRS 20-factor analysis; 2) the economic realities test; and, 3) the common law agency test. - -There are three different tests commonly used to determine if a worker is an employee ...

BLAW 3391 Pleasant Exam 2 Questions With Verified Answers One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management - answerEntrepreneur The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. - answerSole Proprietorship You can establish without filing any legal do...

WGU Employment Law - C233 Exam Questions with 100% Correct Answers Which of the following is not a purpose or function of the law? Facilitate for private arrangements between individuals Prevent desirable, or promote undesirable, behavior Settle private and public disputes Determine procedures for changing the law - answerPrevent desirable, or promote undesirable, behavior What is a precedent? A reason a law is made A group or person exempt from the laws A controlling rule, example, o...

CPP Practice Exam 208 Questions with Verified Answers From what taxes are cafeteria plan contributions generally exempt? A. SS, Medi, FIT, and FUTA B. FIT and SIT C. SS, Medi, FUTA, and SUI D. SS, Medi, FIT, and SIT - CORRECT ANSWER A. Social Security, Medicare, FIT, and FUTA Reference 4.5 Cafeteria Plans In which boxes on the W-2 would you report the adoption assistance? A. Boxes 3, 4, 5, 6 B. Boxes 1, 2, 3, 4, 5, 6, 12 - Code T C. Boxes 3, 4, 5, 6, 12 - Code A D. Boxes 3...

What are the various IRS Tax forms that must be used to file for each different taxpayer? Individual: 1040EZ, 1040A, 1040, 1040X (amendments) Corporations: 1120, 1120S ( S Corp. status) Partners: 1065 ( For reporting only, not taxable) Self-Employed: 1040 ES (Schedule SE and Schedule C) What types of relatives meet the relationship test for dependency exemption rule? Child, stepchild, adopted child/sibling, half/step-sibling, descendant of any of the above, foster child. ( Chil...

Entrepreneur - Answer-One who initiates and assumes the financial risk of a new business enterprise and undertakes to provide or control its management Sole Proprietorship - Answer-The simplest form of business organization, in which the owner reports business income on his or her personal income tax return and is legally responsible for all debts and obligations incurred by the business. Sole Proprietorship in TX - Answer-You can establish without filing any legal documents. 1) choose a B...

TEST BANK FOR FEDERAL TAX RESEARCH 11th EDITION BY ROBY B. SAWYERS, STEVEN GILL | COMPLETE GUIDE | CHAPTER . In the United States, the tax system is an outgrowth of the following five disciplines: law, accounting, economics, political science, and sociology. The environment for the tax system is provided by the principles of economics, sociology, and political science, while the legal and accounting fields are responsible for the system's interpretation and application. Each of these discipli...

When are credit card payments due in order not pay a penalty? - ️️To avoid a late payment fee alway make sure your credit card payment is made two days before the due date if paying online, or five days before if paying by mail. What is a prenup agreement? - ️️A prenuptial agreement is entered into before marriage. This agreement can set forth what will happen to your and your spouse's assets and income in the unfortunate event of divorce, separation or death. What types of acco...

sole proprietorship - business owned and operated by one person unlimited liability - legal exposure in which an owner of a business is personally liable for all of the debts and obligations of the business what is the most popular form of business organization in the US? - sole proprietorship sole proprietorship advantages - -easily established -no partners or shareholders -only pay taxes on income generated -all after tax profit stays with the owner -minimal government regulation sole...