Watson, a sole proprietor, hired Jack, an independent contractor, to cut down several trees and remove the

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Watson, a sole proprietor, hired Jack, an independent contractor, to cut down several trees and remove the trees away from his office after a severe storm. Watson paid Jack $650. Jack didn't furnish a W-9 to Watson.

This is a two-part question. Question 1: What form should Watson use to report the payments to Jack?

Question 2: How much tax should Watson withhold from the payment made to Jack?

a) From W-2; $156

b) Form 1099-NEC; $49.73

c) Form 1099-NEC; $0

d) Form 1099-NEC; $156

Posted Date: May 18, 2024 08:07 AM

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Watson, a sole proprietor, hired Jack, an independent contractor, to cut down several trees and remove the

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