Discuss the definition of a trade or business. Why does it matter whether a taxpayer is classified as an employee or as self-employed

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter1: Federal Income Taxation—an Overview
Section: Chapter Questions
Problem 6DQ: How are federal, state, and local income taxes collected by the government? Consider the cases of an...
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1. Discuss the definition of a trade or business. Why does it matter whether a taxpayer is classified as an employee or as self-employed.
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