An insurance company may cancel an insured's policy for any reason and at any time

Jeffrey works as an independent contractor for an accounting firm jointly owned and managed by the Matthews brothers. Which of the following implications can be drawn from the scenario?

A. Jeffrey will be solely responsible for making payments for his Social Security (FICA), federal income tax, state taxes, and Medicare. B. Jeffrey will be protected from unfair labor practices just like an employee under the National Labor Relations Act of 1935 (NLRA). C. The accounting firm will be completely responsible for paying Jeffrey's federal unemployment compensation (FUTA), Medicare, and state taxes. D. The accounting firm will have to include Jeffrey in its dental, medical, pension, and profit-sharing plans.

Juan's investment portfolio was valued at $125,640 at the beginning of the year. During the year, Juan received $603 in interest income and $298 in dividend income

Juan also sold shares of stock and realized $1,459 in capital gains. Juan's portfolio is valued at $142,608 at the end of the year. All income and realized gains were reinvested. No funds were contributed or withdrawn during the year. What is the amount of income Juan must declare this year for income tax purposes? A) $0 B) $901 C) $2,360 D) $19,328