4
QuizMultiple Choice

Income Taxes — Quiz

Question 4 • Financial Math

Damien has a full-time job and earns additional income from a side business. Which form should he use to report his total income to the IRS?

Answer
A
1099
B
Schedule A
C
1040
D
W-2

Explanation

Damien should report his total income on Form 1040, the individual federal income tax return. His employer reports his wages on a W-2, and side-business income may be reported on additional schedules attached to his return. A 1099 reports certain types of income, while Schedule A is used to claim itemized deductions.

AI-written and checked against the verified answer.

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