32 of 75. Which of the following statements regarding a sole proprietorship is TRUE? A sole proprietorship, Os required to legaly dissolve as set out in the organizational documents O Must keep documents governing operations O Must register with the state Has an owner that is personaty liable for the debt of the business Mark for follow up Question 33 of 75. Bolin, an independent contractor, was a football coach at a local high school in 2021. He samed $1,500 from coaching, but he did not receive a Form 1099-NEC. How does he report this income? As gross receipts on Schedule C (Form 1040) O He does not have to report this income because a tax form was not issued to him. O On Form 4852 as wage income, with the Form W-2 not received. O On Schedule 1 (Form 1040), Ane B, as an activity not engaged in for profit income. Mark for follow up Question 34 of 75. Which of the following taxpayers will be allowed to use the standard mileage rate? O Ben operates a fleet of seven vehicles for the entire year, as part of a funeral business. O Ivy leased a vehicle for her business and claimed actual expenses last year, the first year of the lease. O Lia uses a vehicle in her business for which she claimed a Section 179 deduction Mya used the actual expense method for her business vehicle last year, and the standard mileage rate the previous year, which was the first year in use OMark for follow up