Question 1 of 5. Payroll expenses paid with proceeds from Paycheck Protecti O May be used as eligible expenses when applying for loan forg O Are not deductible if the loan is forgiven. O May be used for the Employee Retention Credit and loan forg O Will reduce the amount of income from cancellation of debt if Mark for follow up Question 2 of 5. A qualifying small business taxpayer may deduct the As soon as the materials are purchased even if the O As depreciation on Schedule C (Form 1040), line 13 As non-incidental materials and supplies O In the manner used for their books and records, but Mark for follow up In the manner used for their books and records, but only after receivin Mark for follow up Question 3 of 5. Which statement is TRUE? O Elise is a sole proprietor. She purchased a desk for use in her busines O Dell is a sole proprietor. He purchased a commercial building that he p service. Sherry is a sole proprietor. She purchased a used machine for use in O Simon is a sole proprietor. He paid $8,000 for a machine that is 100% Mark for follow up Mark for follow up Question 4 of 5 Which taxpayer will NOT file Schedule C (Form 1040) to rep O Becky and her spouse Chris are married and file a joint retu treated as a partnership. O . 0 Albert is the sole owner of an unincorporated busirhess The . 0 Sydney is an independent contractor with a ride-hailing com O Paul and his sister Clara are the only owners of an unincorp Mark for follow up Question 5 of 5. An employer's deductible payroll taxes include all O The employer's portion of social security tax, o The employer's portion of medicare tax. Federal and state unemployment tax O The employer matching contributions to retirement p Mark for follow up Save / Return Later Summary Question 1 of 5. Payroll expenses paid with proceeds from Paycheck Protecti O May be used as eligible expenses when applying for loan forg O Are not deductible if the loan is forgiven. O May be used for the Employee Retention Credit and loan forg O Will reduce the amount of income from cancellation of debt if Mark for follow up Question 2 of 5. A qualifying small business taxpayer may deduct the As soon as the materials are purchased even if the O As depreciation on Schedule C (Form 1040), line 13 As non-incidental materials and supplies O In the manner used for their books and records, but Mark for follow up In the manner used for their books and records, but only after receivin Mark for follow up Question 3 of 5. Which statement is TRUE? O Elise is a sole proprietor. She purchased a desk for use in her busines O Dell is a sole proprietor. He purchased a commercial building that he p service. Sherry is a sole proprietor. She purchased a used machine for use in O Simon is a sole proprietor. He paid $8,000 for a machine that is 100% Mark for follow up Mark for follow up Question 4 of 5 Which taxpayer will NOT file Schedule C (Form 1040) to rep O Becky and her spouse Chris are married and file a joint retu treated as a partnership. O . 0 Albert is the sole owner of an unincorporated busirhess The . 0 Sydney is an independent contractor with a ride-hailing com O Paul and his sister Clara are the only owners of an unincorp Mark for follow up Question 5 of 5. An employer's deductible payroll taxes include all O The employer's portion of social security tax, o The employer's portion of medicare tax. Federal and state unemployment tax O The employer matching contributions to retirement p Mark for follow up Save / Return Later Summary