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kupik [55]
3 years ago
7

When Gene started his window-washing business, he wanted to keep things simple. He liked the idea of being his own boss and the

possibility of leaving the business one day to his son. He chose the type of business that was easy to start, allowed him to keep company profits, and not have any special taxes. Gene's financial resources were limited, but so were his concerns; after all, "he was the business." Gene's business is most likely a(n) __________.
Business
1 answer:
nika2105 [10]3 years ago
6 0

Answer:

Self-employment is the state of working for oneself rather than an employer. Self-employed people generally find their own work rather than being provided with work by an employer, earning income from a trade or business that they operate.

Explanation:

You might be interested in
Cuáles son los procesos que le dan formación  los relieves? Explicar cada uno y dar dos ejemplos​
VikaD [51]

Answer:

Los procesos que intervienen en la formación del relieve son los procesos endógenos y Exógenos. Los procesos endógenos son los procesos que se dan en el interior de la cortesa terrestre, como son el movimiento de las placas tectónicas, los desplazamientos continentales, entre otros.

7 0
2 years ago
Samantha and Bethany are purchasing their first home and reviewing the terms of a 15-year mortgage with their lender, Jim, at Fi
Alona [7]

Jim is doing what is<u> legally </u>right by providing this information to Samantha and Bethany.

<h3><u>The Truth in Lending Act (TILA): What Is It?</u></h3>

A federal statute known as the Truth in Lending Act (TILA) was passed in 1968 with the intention of assisting customers in their interactions with creditors and lenders. The Federal Reserve Board implemented the TILA through a number of regulations. The act's disclosure requirements for information like the annual percentage rate (APR), the length of the loan, and the overall costs to the borrower are some of its most significant features. The borrower must be made aware of this information clearly on all documents before signing them, including occasionally on periodic billing statements.

Learn more about The Truth in Lending Act (TILA) with the help of the given link:

brainly.com/question/7696024?referrer=searchResults

#SPJ4

4 0
2 years ago
AN IMPLIED CONTRACT CAN BEST BE DEFINED AS: WILL NOT BE RECOGNIZED AS ENFORCEABLE BY THE COURTS A TRUE FORM OF A FORMAL CONTRACT
hoa [83]

Answer: the intentions of the parties is inferred from their conduct by the court as well as the circumstances of the contract

Explanation:

An implied contract is referred to as an agreement that's legally-binding which was created due to the actions, or circumstances of the parties that were involved.

In an implied contract, the parties typically possess no written contract, but an obligation is created by the law based on the conduct of the parties involved.

8 0
3 years ago
bob katz and sally mander are a married couple with four children. total wages for 2018 equaled $102,400. stock which had been p
xxTIMURxx [149]

Answer:

Bob Katz and Sally Mander

Taxable Income for 2018:

= $78,200

Explanation:

a) Data and Calculations:

Total wages =                  $102,400

Gain from sale of stock =     5,200

Interest income =                      100

Total income =                 $107,700

less total deductions =     (29,500)

Taxable Income =            $78,200

b) Bob Katz and Sally Mander will have taxable income of $78,200 when the appropriate rate of tax is applied and the tax liability obtained, then the $1,500 tax credit will be deducted before arriving at the tax liability due.  

c) The short-term capital gain of $5,200 is taxed as ordinary income.  Since it is held for less than a year, it will be included in the taxable income for that year and it follows the same tax brackets as ordinary income.  On the other hand, the long-term capital gain of  $13,000 will attract a tax rate of 0 percent for a taxable income of $78,200.  Otherwise, it will attract a tax rate of 15 percent or 20 percent, depending on income level. This means that long-term capital gains tax rates are much lower than the ordinary income tax rate.

8 0
3 years ago
Thirst, a beverage manufacturer, markets its products using the same strategy worldwide. However, the ethnicity contained in the
Umnica [9.8K]

Answer:

Glocalisation

Explanation:

Thirst, a beverage manufacturer is involved in glocalisation by marketing its products using the same strategy globally. However, the ethnicity contained in their ads and the music used in jingles change according to the place. This is to say that they make use of ads which is particular to a specific location taking their culture and language into consideration.

The term "glocalization" was coined by sociologist Roland Robertson in the Harvard Business Review, in 1980.

Glocalization is a combination of the words "globalization" and "localization".

Glocalization is used to describe the ability of a product or service that is developed and distributed worldwide to adjust and accommodate the consumer in a local market.

Consumers in the local market have different taste and preference. Glocalisation is the ability of a product sold globally to fit into the local market at different places. It is an expensive process but firms usually make more benefits from practicing glocalisation.

3 0
3 years ago
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