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3 years ago

Who is responsible for payment of self-employment tax on fees received by a professional fiduciary?

1 answer:

8 0

If a person is self employed, they are responsible for paying their own taxes. There are tables available on line to calculate the amounts. They should be paid no less than quarterly. If the income is significant, an account should be set up, or they should be paid more frequently. There are fees for late payments.

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Suze says that YFB’rs are broke. She gives 10+ reasons why, what are 3 of the reasons of why they are broke?

zysi [14]

Suze named ten reasons why YFB’rs are broke. Below are three reasons she identified:

1) The company runs out of cash

2) The company is overpromising and undelivering

3) They invested much on products, thus having left with big inventory

4 0

3 years ago

The following information pertains to Havana Corporation's defined benefit pension plan: ($ in 000s) 2018 2019 Beginning balance

Hitman42 [59]

$504000 is the actual return

Explanation:

particulars calculation Amount

Service cost 700000

Interest cost $600000 * 8 \%$ 480000

Less: Expected return $10 \% * 5760000$ 576000

Prior service cost 48000

Net loss 30000

Pension expense 682000

Therefore, the pension expense is $682000

The computation is as follows for the calculation of return (in $000’s)

Plan assets

Beginning = $5760

Actual return = ?

Cash contributions = 696

Less: Retireee benefits = (624)

Ending balance = $6336

Thus after solving this, we get the actual return that is equal to = $504,000

5 0

3 years ago

Lori had a great day at work and has a positive attitude. When she arrives home, she maintains this positive attitude and is in

kondaur [170]

Answer:

b. work-family enrichment

Explanation:

Based on the scenario being described within the question it can be said that in this situation Lori is experiencing the concept of work-family enrichment. This term refers to when an individual's experience in what role of their lives improves the quality of life in another role. Such as in this scenario Lori's great experience at work improved her attitude in her family environment and role as a mother.

8 0

3 years ago

Which of the following statements accurately describes the economic policy of mercantilism?

labwork [276]

The best answer is letter a. It downplayed the role of government in stimulating economic growth.

>>The main goal of mercantilism was to increase a nation's wealth by imposing government regulation concerning all of the nation's commercial interests.
It sticks to the belief that the national strength can be maximized by limiting imports via tariffs and maximizing exports.

5 0

3 years ago

7. Liqin fixes up old cars and sells them to supplement his retirement income. Liqin came across a beat-up 1955 Corvette that sh

ruslelena [56]

Answer:

a. 8%

Explanation:

Expected Return = [(Return*Probability)+(Return*Probability)+(Return*Probability) * 100%]

Expected Return = [{(15%*0.2)+(10%*0.2)+(5%*0.6)} * 100]%

Expected Return = [{(0.15*0.2)+(0.1*0.2)+(0.05*0.6)} * 100]%

Expected Return = [{0.03+0.02+0.03} * 100]%

Expected Return = [{0.08 * 100}]%

Expected Return = 8%

So, Liqin's expected return for fixing up and selling the Corvette is 8%.

7 0

3 years ago