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iris [78.8K]
3 years ago
9

The only income Ramon needs to report on his Schedule C is his income from Form 1099-K, Payment Card and Third Party Network Tra

nsactions.
a. True
b. False
Business
1 answer:
madreJ [45]3 years ago
8 0

Answer:

False

The statement stated above is not true.

Explanation:

  • Ramon needs to keep report into his Schedule C is his income from Form 1099-K is not only the entity but other aspects too along with Payment Card and Third Party Network Transactions.
  • Sole - Proprietors income is reported on their schedule C as a gross receipts that subjects to the tax related to the self employment.
  • It is the form used to prepare report on the payments received through different third party networks.

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3 years ago
The monthly amounts spent for food by families of four receiving food stamps approximates a symmetrical, normal distribution. Th
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The correct answer is D

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