in 2022, a taxpayer (with $26,500 of employee repayment) becomes allotted $176,000 of self-employment income. calculate the amount of self-employment tax the taxpayer might owe $162,536 of net earnings from self-employment ($176,000.
A self-employed man or woman refers to any character who earns their living from any impartial pursuit of a monetary activity, rather than earning a living running for an organization or every other person (an enterprise).
Examples of occupations wherein self-employment is not unusual consist of diverse jobs in the skilled trades, writers, freelancers, artists, lawyers, accountants, financial offerings experts, and buyers.
Self-employment earnings are earnings that arise from the overall performance of private services, but which cannot be categorized as wages due to the fact an organization-employee dating does no longer exist between the payer and the payee.
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Answer:
B. There is a movement down along a stationary money demand curve
Explanation:
Whenever the price level changes there is movement down or up along a stationary money demand curve, in this case because the price level is decreasing there will be a movement down because the demand curve is downward sloping and when price decreases more quantity is demanded so the movement is downwards.
Option A and C are wrong because change in price levels cannot cause the curve to shift right or left. Whenever the curves shift to the right or left it is because of non price reasons.
One thing that may be a component is that it isn't as simple to get new Mastercards as it once might have been. Charge card organizations are likewise not naturally expanding limits. Truth be told, in the course of recent years, many cards have drasticallly cut existing client limits.
Answer:
correct option is C. $2.00
Explanation:
given data
currently pays = $8 an hour
CPI currently = 160
old = 128 year
to find out
firm should increase the hourly wages of its workers by
solution
we get here first rate that is express as
rate = 
...........1
rate = 
rate = $10
So Increase is here as = $10 - $8
increase by = $2
so correct option is C. $2.00
Answer: $6,435
Explanation:
Manufacturing overhead is applied at a rate of 110% of direct labor costs.
Direct labor costs:
= Budgeted number of boxes to be produced* number of direct labor hours required * employee salary per hour
= 1,170 * 0.50 * 10
= $5,850
Manufacturing overhead is 110% of this:
= 5,850 * 110/100
= $6,435
