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
NeTakaya
3 years ago
15

Khalid is a 39-year-old, married business owner who runs a dry cleaning service with three locations. His personal obligations a

re the home that he owns with his wife who works for a well-known insurance company; the health needs of his family; and his commitment toward saving for the future higher education needs of his three children. Khalid knows that two of his locations require a large infusion of cash to pay for new and expensive dry cleaning equipment. Although his wife’s job provides the family with health insurance, it also places the family in a higher income tax bracket. Khalid would certainly like to minimize his taxes. Which of the following forms of business ownership would you suggest for Khalid? Khalid should consider:
A. A sole proprietorship due to the fact that it pays its own taxes and it has limited liability.
B. A sole proprietorship due to the fact that it has unlimited liability and it will protect the family’s personal assets.
C. A corporation because he can avoid the negative aspect of limited liability. Corporations are always taxed at a lower rate than individuals.
D. A limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship.
Business
1 answer:
madam [21]3 years ago
3 0

Answer:

D. A limited liability company because he will only be liable for what he has invested in the business. His personal assets will be protected, and he can be taxed like a sole proprietorship.

You might be interested in
Why are posting references entered in the journal when entries are posted to the ledger accounts?
wolverine [178]

Answer:

c. So we know that the entry has been posted.

Explanation:

  • The posting reference are entered in the journal entries are done so as to find them in the account ledgers and these entres are post in the this account is insert to keep and store the booking entry for the balance sheets and includes the incomes statements and accounts like the receivables and the accounts payable and accrued expenses also.
3 0
3 years ago
. One of the most commonly used operations management tools is cognitive mapping which is used to better understandthe psycholog
Dennis_Churaev [7]

Answer:

The correct answer is letter "B": False.

Explanation:

Scientific Management also called Taylorism after American economist and father of this theory Frederick Winslow Taylor (1856-1915), looks for increasing companies' efficiency by improving labor productivity and understanding the psychology of workers.

That will be achieved by <em>hiring the correct workers for a job, monitoring their performance and providing training, and dividing the work between management and workers correctly so managers can take care of handling the business operations while employees of executing those operations.</em>

7 0
3 years ago
Is ordering a pizza for someone else illegal?
Over [174]
No, its not illegal to order a pizza for someone else
4 0
3 years ago
Which set of changes is definitely predicted to lower real gdp in the short run?
Tatiana [17]
D. foreign real national income falls and wages rates rise. 
3 0
3 years ago
XYZ Corporation uses the FIFO method in its process costing system. The Assembly Department started the month with 1,000 units i
Georgia [21]

Answer: 61,200 units

Explanation:

Using the FIFO method:

= Equivalent units for beginning WIP + Units started and finished + EUP Ending WIP

Units started and finished = 65,000 additional units - 10,000 closing WIP

= 55,000 units

80% of the beginning WIP had been completed in the previous month so only 20% remains.

EUP Conversion = (1,000 * 20%) + 55,000 + (10,000 * 60%)

= 61,200 units

5 0
2 years ago
Other questions:
  • Determine the future value of $21,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1,
    13·1 answer
  • If the market price is $10, what is the firm's total cost?
    15·1 answer
  • arlene is single and ahas taxable income of $34000. her tax liability is currently $4636. she has the opportunity to earn an add
    14·1 answer
  • An otr® asks a client with impaired balance to dust and polish a bookshelf in standing position without upper-extremity support.
    14·1 answer
  • Which statement is false?
    12·1 answer
  • You have $22,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 11 percent and Stock Y with
    11·1 answer
  • The current ratio is calculated as total current assets divided by total current liabilities.
    13·1 answer
  • Franco,an employee at Fundz Corp.,arrives late at the office on a Monday morning due to a personal emergency.His manager fires h
    9·1 answer
  • What are the macroeconomic conditions affecting the IT industry? Select "yes" for those statements that are accurate and choose
    6·1 answer
  • Loyal customers and proprietary bread both fall within which part of the swot analysis?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!