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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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Explain the requirements for putting together an Affirmative Action Plan (AAP). Include a discussion on mandatory and non-mandat

Sedbober [7]

Once a company reaches 50 or more employees, and meets any of the below criteria, it has 120 days to create an Affirmative Action Plan. Every year the company remains larger than 50 employees and meets the federal contracts guidelines listed below, it is required to update the plan to track changes in employee population and employee transactions.

In some instances, companies are required to implement an Affirmative Action Plan without a direct government contract. If government contractors purchase at least $50,000 worth of goods to fulfill their obligations on a government contract, then the goods’ seller is also subject to the OFFCP’s laws.

A prime example is a hardware company which sells screws to a company that builds Navy submarines. Although there’s no direct contract with the government for the hardware company, accepting the order as part of a government contract makes it a bill of lading, and if it exceeds $50,000 total revenue on those deals, then both sides must comply with Affirmative Action law.

3 0

3 years ago

Teresa has just opened a NOW account that pays 3.50% interest. If she maintains the account at the required minimum balance of

nataly862011 [7]

Answer:

She will earn $17.50.

Explanation:

Interest earned is the amount of interest earned on the a deposited amount in a saving amount on simple interest.

Balance in the account = $500

Interest rate = 3.5%

Interest earned = Average balance x Interest rate

Interest earned = $500 x 3.50%

Interest earned = $500 x 0.035

Interest earned = $17.50

5 0

2 years ago

Draw a demand for dollars curve. Label it D. Draw a supply of dollars curve. Label it S. Draw a point at the equilibrium quantit

brilliants [131]

Answer:

The forces of demand and supply in the market will pull the foreign exchange market into equilibrium.

Explanation:

When there is a surplus of dollar in the foreign exchange market the forces of demand and supply will pull the foreign exchange market into equilibrium. i.e. The exchange rate will be reduced to bring the exchange market to equilibrium. without change in demand or supply.

attached below is the required graph.

3 0

2 years ago

Normand Corporation uses the FIFO method in its process costing system. Data concerning the first processing department for the

QveST [7]

Answer:

total equivalent units for materials = 6,310

Explanation:

700 units in beginning work in process:

materials: 70% complete, $8,700, completed 490 equivalent units, not completed 210 units
conversion: 10% complete, $3,700

units started in to production 6,400

units transferred out 5,600

ending work in process 1,500

materials: 80% complete, completed 1,200 equivalent units for materials
conversion: 25% complete

materials added $92,200

conversion costs added $269,600

equivalent units for materials:

beginning WIP equivalent units to be completed = 210
units started and completed = 5,600 - 700 = 4,900
ending WIP = 1,200 equivalent units
total equivalent units for materials = 6,310

4 0

3 years ago

E-commerce offers entrepreneurs an opportunity to _____

viktelen [127]

E-commerce offers entrepreneurs an opportunity to utilize the interactive nature of the Internet to help their businesses grow.

<h3>What Exactly Is Electronic Business (E-Business)?</h3>

Ecommerce is the name given to companies and individuals who conduct business online. E-commerce can operate in a range of market sectors and be performed on computers, tablets, cellphones, and other smart devices. Nearly any product or service imaginable is now available through e-commerce transactions, including books, music, airline tickets, and financial services like stock trading and online banking. It is considered a very disruptive technology result.

What are the advantages and disadvantages of doing business online?

The benefits of e-commerce for customers include:

Convenience
Increased selection
Perhaps lower startup costs
International sales
Easier to target customers again.

But e-commerce websites also have some disadvantages. The negatives include:

Limited client service
Lack of immediate gratification
Unable to touch products
Reliance on technology
Greater competition.

Learn more about E-commerce with the help of the given link:

brainly.com/question/14157556

#SPJ4

7 0

1 year ago