Which of the following accurately reflects how compensation for services is reported for the owner? A) Jake,
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Question:
Which of the following accurately reflects how compensation for services is reported for the owner?
A) Jake, a partner in QYX, will receive Form W-2 form QYX reporting his compensation from the partnership
B) Lisa, a 10% owner in an S corporation, will receive Form W-2 reporting her compensation from the S corporation.
C) Kyle, a sole proprietor, will receive Form 1099-NEC from his business reporting his compensation
D) Nora, a 10% owner of a C corporation, will receive a Form 1099-DIV reporting her share of income from the corporation
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