26. The classification of a worker as an employee or an independent contractor determines how much payroll tax a company must pay True False 27. Employers must withhold state and federal income tax from compensation paid to independent contractors. True False 28. Self-employed individuals have fewer opportunities than employees to underpay income and payroll taxes True False 29. The IRS is less likely to raise the issue of reasonable compensation during the audit of a publicly held corporation than a closely held corporation True False 30. The value of employer-provided health insurance is excluded from the employee's gross income. True False