QUESTION 1 The principal business or professional activities code is a 6 digit code that is required to be entered on Line B of Schedule C. The taxpayer is guided to go to the Instructions for Schedule C to find out what the code is. Please do that and enter the 6 digit code for: Professional Services, Tax Prep Services. 0.1 points Save Answer QUESTION 2 A provider of services, such as a tax preparer, will have COGS True False 0.05 points Save Answer QUESTION 3 Tax publications provide detailed guidance on how to complete specific forms and tax return line items. Which publication number contains information on Bartering Income? Part IV of Schedule C is used by self-employed individuals claiming Auto Expenses. It requires the taxpayers to provide the following information: a. Answer the following question: Do you have written evidence to support your deduction? b. Answer the following question: Do you have another vehicle? Oc Provide total miles driven for the year, total business miles, and total commuting miles. Od. All of the above. 0.1 points Save Answer QUESTION 5 According to the video, postage expense would be categorized as: office expense other expenses advertising O COGS 0.1 points Save Answer QUESTION 6 The details of depreciation expense are reported on Form 4562. The total is then carried forward to which line item on Schedule C? 0.05 points Save Answer QUESTION 7 Which publication provides detailed information concerning Travel, Meals and Entertainment costs? 0.1 points Save Answer QUESTION 8 Schedule C-EZ is a shortened form of Schedule C. To determine whether you can use this shortened form, a taxpayer can view the instructions directly on Schedule C-EZ. Please pull up the form (go to irs.gov). to determine whether the following statement is True or False: If a self-employed individual has a "net loss" for the year, he/she can not use Schedule C-EZ. True