1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Maslowich
3 years ago
13

During the year, Eleanor earns $120,000 in wages as an employee of an accounting firm. She also earns $30,000 in gross income fr

om an outside consulting service she operates. Deductible expenses paid in connection with the consulting service amount to $6,000. Eleanor also has a recognized long-term capital gain of $1,000 from the sale of a stock investment. She must pay a self-employment tax on:
a. $145,000
b. $144,000.
c. $31,000.
d. $30,000.
e. $24,000.
Business
1 answer:
madam [21]3 years ago
5 0

Answer:

Self employment tax will be $24000

So option (e) will be correct option

Explanation:

We have given that earning from outside consulting service = $30000

Deductible amount paid in connection with consulting service = $6000

We have to find the self employment tax

Self employment tax is the difference of earning from outside source and deductible amount

So self employment tax = $30000 - $6000 = $24000

So option (e) will be correct option

You might be interested in
To help fund his start-up business, Marc charged $400 worth of goods on his credit card. On his first bill, he was not charged a
Bogdan [553]

Answer:

$7.96

Explanation:

the first month's principal balance = $400 (initial purchase) - $20 (first payment) = $380

the second month's principal balance = $380 (carried over) + $18 (second purchase) = $398

the interest charged on the second month's principal = $398 x 2% = $7.96

7 0
2 years ago
Read 2 more answers
What are the two most critical things you should do before you perform a job
dlinn [17]
Safety & knowledge of the job
8 0
3 years ago
In network economics, the value of a commercial software vendor's software products:
Natali [406]

Answer:

increases as more people use them.

Explanation:

Network economics refers to a business that uses network effect. It is also called Netromix. The value of a good is increased as the number of buyers increases.

The business will benefit from feedback received by customers that use their products.

For example online services like LinkedIn and Twitter benefit from this type of framework. The more users that use these software th more the business gains.

7 0
3 years ago
When there is high unemployment,
Komok [63]

When there is high unemployment, A. There is a greater reliance on government assistance occurs in society.

A society is a collection of people involved in chronic social interaction, or a massive social institution sharing the identical spatial or social territory, normally subject to the identical political authority and dominant cultural expectancies

The totality of social relationships amongst prepared organizations of people or animals. a system of human businesses generating exceptional cultural styles and establishments and usually presenting protection, protection, continuity, and a countrywide identity for its contributors.

Learn more about society here:brainly.com/question/25689420
#SPJ1

4 0
1 year ago
The sales department of a consumer products organization realized that its rivals were adopting new customer relationship manage
Dmitry [639]

Answer: Option (C)

Explanation:

Environmental forces are referred to as or known as those forces which tends to involve shared beliefs and attitudes of population. Most of the marketing managers have found their task and job increasingly hard because of the fact that lifestyles, consumer values, and also beliefs are changing at a much more rapid rate than they did used to.

3 0
3 years ago
Other questions:
  • Closing a sale refers to: A. asking for a referral from a prospective customer.B. being turned down by a prospective customer.C.
    5·1 answer
  • Parsons Company acquired 90% of Roxy Company several years ago and recorded goodwill of $200,000 at that date. During 2015 an an
    12·1 answer
  • Which of the following was proposed by Alexander Hamilton in 1792 and is by far the oldest economic argument for government inte
    8·2 answers
  • IE 10-1 ... AS/AD Model – Suppose this economy is at Year 4 as a result of an "over-expansion" of the Money Supply by the FED. W
    15·1 answer
  • You have just purchased a share of preferred stock for $50.00. The preferred stock pays an annual dividend of $5.00 per share fo
    8·1 answer
  • In most industries, getting into which kind of role usually requires experience? A. Entry-level B. Intership C. Managerial
    12·2 answers
  • In 2014, Orear Manufacturing signed a contract with a supplier to purchase raw materials in 2015 for $700,000. Before the Decemb
    8·1 answer
  • Microsoft stock price peaked at 6118% of its IPO price more than 13 years after the IPO† Suppose that $15,000 invested in Micros
    14·1 answer
  • Which cash flows should be included in the Investing Section of the statement of cash flows under US GAAP?
    11·1 answer
  • By understanding its customers’ needs, which marketing management philosophy is vineyard vines utilizing?.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!