37
QuizMultiple Choice

Taxes — Test

Question 37 • Financial Math

Ty is a self-employed graphic designer who also has dividend income from investments. Which forms does Ty need to file his tax return?

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

Explanation

The intended choice is A: Form 1040 with the relevant 1099 information and Schedule B for dividend income. Strictly speaking, a 1099 is an information form Ty may receive, not a form he files with his return; self-employment income is generally reported on Schedule C, and he may also need Schedule SE. So none of the choices lists every form Ty may need.

AI-written and checked against the verified answer.

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