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

Analyzing the Question

1. The question asks about the type of form that independent contractors receive from clients to verify their earnings for the year.
2. We need to evaluate each provided option to determine which one correctly corresponds to independent contractors.

Evaluation of Options

1. A. 1099: This form is specifically used to report various types of income other than wages, salaries, and tips. Independent contractors typically receive a 1099-NEC form.

2. B. W-4: This form is used by employees to specify withholding allowances and does not pertain to reporting earnings for independent contractors.

3. C. 1040: This is a personal income tax return form used by individuals; it does not serve the purpose of reporting earned income from clients.

4. D. W-2: This form is used by employers to report wages paid to employees and their tax withholdings, not for independent contractors.

Conclusion

The most accurate answer that aligns with the verification of earnings for independent contractors is option A. 1099.

Final Answer

A. 1099