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Question - Jake worked in Blue Lake summer camp, which paid him $3,000 in 2015 as a independent contractor (self-employed).

1. What form did Blue Lake Summer Camp send to Jake to report these earnings?

2. Jake later discovered that the camp improperly classified him as a independent contractor when he really should have been classified as an employee. Jake already filed his 2015 tax return and paid his 2015 taxes as an independent contractor (but unfortunately had no business deductions to claim against the $3,000 income). Assuming that Blue Lake Summer Camp agrees that Jake was misclassified, how much refund should he receive?

Accounting Basics, Accounting

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