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aniked [119]
3 years ago
5

Jim has a full-time job and occasionally designs Web sites for individuals and businesses. At the end of the year, Jim files his

taxes and reports his earnings from his full-time job and his Web design contracts. Was Jim right in reporting both incomes? Why or why not?
A)Yes, because the government requires individuals to report income earned from an employer and other sources.

B)No, because the income from the Web design contracts is not considered earned income.

C)No, because the income from his full-time job is not considered earned income.

D)Yes, because the government requires individuals to report only income from a full-time job.
Business
1 answer:
andre [41]3 years ago
6 0

A) Yes, because the government requires individuals to report income earned from an employer and other sources.

His side gig was the equivalent of self contracting. He would definitely have to report of he made over $400.
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Answer: $1750

Explanation:

Given Data

Earnings = $44/ hr

Overtime Earnings = 1.5 times Of $44

= $66

Hours worked during the week = 55 hrs

Social security tax rate = 6.0%

Medicare tax rate = 1.5%

Federal income tax = $633

Therefore:

Gross pay = Normal pay + overtime pay

Normal pay

= $44 * 40 hrs

= $1760

Overtime pay

= $66 * 15 hrs

= $990

Gross pay = $1760 + $990

= $1750

Social security tax

= 0.06 * $2750

= $165

Medicare tax

= 0.015 * $2750

= $41.25

Total tax

= $633 + $41.25 + $165

= $839.25

Net pay

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= $1910.75

6 0
3 years ago
Consider the relationship between the AE curve and the AD curve. A rise in the amount of desired​ consumption, investment, gover
Rudiy27

Answer:

The response options are:

B) real national income and AE.

C) AD and real national income.

D) the price level and desired consumption.

E) the price level and the equilibrium level of demand-determined national income.

The correct answer is: E) the price level and the equilibrium level of demand-determined national income.

Explanation:

Aggregate demand is the total planned or desired expenditure in the economy as a whole in a given period. It is determined by the aggregate price level and by factors such as investment, public spending and money supply.

COMPONENTS OF THE ADDED DEMAND:

Consumer expenses of domestic economies. It is the main component of aggregate demand.

Investment expenditure of companies or domestic economies. It refers to the increase in the physical capital stock, including the accumulation of stock of companies.

Purchases of goods and services for public service. Component

important, includes, for example, national defense expenses, salaries of officials, infrastructure, construction, etc.

Foreign demand (international trade). They are net exports exports - imports). It is a component of the total demand for the goods of an economy. The trade flows of a country are an engine that drives the economy to better product levels.

7 0
3 years ago
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This is an example of decline.
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8 0
3 years ago
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blondinia [14]

Answer: The web team can create a FAQ page.

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This will greatly help the company reduce questions directed to sales team, as customers can easily find answer to their questions in the FAQ page

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