6 2 pts Greg Company agreed to pay Ms. Bilko $45,000 compensation for services performed for the company. Greg Company is allowed a $45,000 deduction for the compensation paid either as a salary or as a fee to an independent contractor. Ms. Bilko will recognize $45,000 ordinary earned income in either case. Then, the Gregg Company must withhold federal and state income tax for Ms. Bilko, whether she is an employee or independent contractor. O True False Question 7 2 pts Mr. Thano, age 47, withdrew $22,000 from his employer-sponsored qualified retirement plan to pay for his daughter's wedding. Compute the tax cost of the withdrawal if Mr. Thano has a 24% marginal tax rate on ordinary income. Tax Cost is Question 8 If Mrs. C is reassigned and paid $3,800 to the moving company for the transportation of her household goods and $2,400 to fly her family to the new house, and then receives a $7,000 reimbursement from her employer for her move, her tax consequences is that she has Nontaxable income, no reporting necessary. Taxable income of $7,000. A deductible moving expense of $6,200. O Taxable compensation of $800. 2 pts