Question: True / False Indicate whether the statement is true or false. 1. Jake performs services for Maude. If Maude provides a helper and tools, this
True / False Indicate whether the statement is true or false. 1. Jake performs services for Maude. If Maude provides a helper and tools, this is indicative of independent contractor (rather than employee) status a. True b. False 2. Deductions are allowed unless a specific provision in the tax law provides otherwise, a. True b. False 3. Currently (meaning 2020 tax year) a net operating loss can be carried forward only and can offset no more than 80% of taxable income in a subsequent year a. True b. False
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