James owns a small business with two employees. Which form will James need to file to report wages, withholding and employment taxes?

Form 940.

Form 941.

Form 720.

Form 1099-NEC.

Question 2 

An employer identification number (EIN) is required for all of the following businesses EXCEPT:

JAM, a partnership with no employees.

SPA, a partnership with six employees.

James, a sole proprietor with no employees.

Shayla, a sole proprietor with two employees.

Question 3 

Each of the following taxpayers may be eligible for an adjustment to income for health insurance on Schedule 1 (Form 1040) EXCEPT:

Emily, a partner in a law firm, receives a Schedule K-1 (Form 1065) reporting her share of income and deductions.

Travis, a 3% owner in an S corporation, receives Form W-2 for his wages and Schedule K-1 (Form 1120-S) reporting his share of the S corporation's income and deductions.

Maria, a 1% owner in an S corporation, receives Form W-2 for her wages and Schedule K-1 (Form 1120-S) reporting her share of the S corporation's income and deductions.

Erik, a sole proprietor who owns a printing business. He reports the income and deductions on a Schedule C (Form 1040).