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Elena-2011 [213]
2 years ago
9

brenda is a self-employed accountant. she has net earnings (profit) from her practice of $74,000. her self-employment taxes for

the year are:; (round your answer to 2 decimal places.)
Business
1 answer:
victus00 [196]2 years ago
5 0

92.35% of $74,000 is the business income.

<h3>What is the formula for self-employment tax?</h3>
  • 92.35% of your net self-employment income is typically subject to self-employment tax. By deducting regular and required trade or business expenses from the gross income you received from your trade or business, you can determine net earnings.
  • You must disclose your net income to Social Security and the Internal Revenue Service if you are self-employed (IRS). Your net earnings for Social Security purposes are your trade or business's gross earnings less all permitted business expenses and depreciation.
  • By deducting regular and required trade or business expenses from the gross income you received from your trade or business, you can determine net earnings.

To learn more about self-employment tax refer to:

brainly.com/question/28443750

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Wishbone Company issued $700,000 of 9%, 10-year bonds on January 1, 2022 at face value. Interest is payable annually on January
zzz [600]

Answer:

Interest Expense $63,000

Interest Payable $63,000

Explanation:

$700,000 X 9% = $63,000 which is the annual interest expense that they will incur each year. Because it isn't paid until January 1st, it is rolled into the Interest Payable account.

4 0
3 years ago
Assume that consumers in a nation reduce their marginal propensity to save from 0.25 to 0.2 though their personal incomes initia
umka21 [38]

Answer:

Since the multiplier is now higher than before, this change in MPS will therefore make the real gross domestic product (GDP) to increase.

Explanation:

Old marginal propensity to save = 0.25

Old marginal propensity to consume = 1 - 0.25 = 0.75

Old multiplier = 1 / Old marginal propensity to save = 1 / 0.25 = 4

New marginal propensity to save = 0.20

New marginal propensity to consume = 1 - 0.20 = 0.80

New multiplier = 1 / New marginal propensity to save = 1 / 0.20 = 5

Change in multiplier = New multiplier - Old multiplier = 5 - 4 = 1

Therefore, the decrease in marginal propensity to save (MPS) will increase marginal propensity to consume (MPC) form 0.75 to 0.80 and the multiplier from 4 to 5.

Since the multiplier is now higher than before, this change in MPS will therefore make the real gross domestic product (GDP) to increase.

7 0
3 years ago
If you are a passive investor who has a well-balanced international portfolio, how your expectation should be regarding the futu
Rufina [12.5K]

Answer:

Following are the responses to the given question:

Explanation:

This problem could be viewed as the upward sloping business cycle. The dividend curve is a graph that plots borrowing costs against time on the x-axis. As just a result, the upward slanting bond yield implies higher future borrowing costs for returns. Both as result, unless you're a minority shareholder, you'd become hopeful about long-term assets that will pay off in the potential.

3 0
3 years ago
According to the eclectic paradigm, __________ is/are of considerable importance in explaining both the rationale for and the di
maks197457 [2]

According to the eclectic paradigm, <u>the monetary</u> is/ are of considerable importance in explaining both the rationale for and the direction of foreign direct investment.

The eclectic paradigm takes a holistic technique to analyze entire relationships and interactions of the various additives of an enterprise. The intention is to determine if a particular method presents a greater universal fee than another to be had country-wide or global choices for the manufacturing of goods or services.

Learn more about The eclectic paradigm here - brainly.com/question/29562310

#SPJ4

8 0
1 year ago
Which of the following are ways in which to calculate the benefit of selecting one alternative over another? An analysis that lo
Pepsi [2]

Answer:

Which of the following are ways in which to calculate the benefit of selecting one alternative over another?

-An analysis that just looks at the relevant costs/benefits  and identifies those that are differential

-the difference between the net operating income for the two alternatives

-an analysis that looks at all costs and benefits and identifies those that are differential

Explanation:

The beginning of wisdom in using accounting for decision-making is a clear understanding that the relevant costs and revenues are those which as between the alternatives being considered are expected to be different in the future.

8 0
3 years ago
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