Patrick has a written independent contractor agreement with his broker tami. last year, about 25% of his income came from sales commissions. the other 75% came from an hourly wage paid by tami. for income tax purposes, the irs would probably classify patrick as:
a) an independent contractor
b) a self-employed person
c) an employee
d) a real estate assistant

Acorporation a. can use different depreciation methods for tax and financial reporting purposes b. must use the straight - line depreciation method for tax purposes and double declining depreciation method financial reporting purposes c. must use different depreciation method for tax purposes, but strictly mandated depreciation methods for financial reporting purposes d. can use straight- line depreciation method for tax purposes and macrs depreciation method financial reporting purposes