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Gala2k [10]
3 years ago
14

Which of the following statements is the most accurate? Sole proprietorships are well suited for people who want to own a busine

ss and share in its profits without taking an active role in management. Sole proprietorships are the least risky form of business ownership. Sole proprietorships must receive a state charter before they can legally conduct business. Sole proprietorships are taxed at the owner's personal tax rate.
Business
1 answer:
emmasim [6.3K]3 years ago
3 0

Answer:

D. Sole proprietorships are taxed at the owner's personal tax rate

Explanation:

Sole Proprietorship can be defined as a simplest form of owning and starting any business. As the term suggests, this business is onwed by an individual only or shared by married couples.

Sole properietorship is easy to set up because the owner need not to register itself to state government, therefore, because of absence of governmental involvement, it is easy to set up or deconstruct sole proprietorship.

<u>From the given options, the statement which is most accurate about a sole proprietorship is option D. The owner of sole proprietorship pays personal taxes on the profits earned by his/her business.</u>

Therefore, option D is correct.

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In 2019, the CEO of Crimson, Inc., entertains seven clients at a skybox in Memorial Stadium for a single athletic event during t
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Answer:

Crimson may not be able to deduct any of the cost incurred. In other words these expenses are inadmissible.

Explanation:

As per scenario given in the above question, Crimson Inc., may not be able to deduct any cost which is incurred related to the entertainment expenses because many changes has been made in the tax cuts and Jobs act,2017. These changes does not allowed deduction of the entertainment and business meals expenses.

In the year 2018, the entertainment expenses could not be deducted according to the tax laws applicable on the companies. Thus, the costs will not be deducted.

4 0
3 years ago
The seller of the property is including the refrigerator and window coverings with the sale. Where in the offer to purchase is t
expeople1 [14]

Answer: The correct answer is "In the inclusions section of the contract ".

Explanation: The refrigerator and window covers are taken into account in the "contract inclusions" section because this section includes all items included in the sale that do not correspond to be sold as personal property.

6 0
3 years ago
If the 3 employees are paid an additional $4/hour for any extra hours they work, they will be motivated to maintain their produc
amm1812

Answer:

The answer is "16 hours"

Explanation:

The 3 workers were paid an extra fee.

\frac{\$4}{hour} \\\\3 \times 4= 12 \ productivity \\\\

Their output rate will be sustained after the 4^{th}hour,

= 12 + 4 \\\\= 16 \ hours

4 0
2 years ago
In the marxian framework, the __________ comprises those who own and control the means of production
Oduvanchick [21]
<span>The bourgeoisie, or capitalists, are made up of those who own and control the means of production. However, they do very little actual labor. The labor is done by the working class, or the proletariat, who have been separated from their capital, the fruits of their labors.</span>
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Once a new fashion becomes popular with the lower classes, what would the upper classes do as per the Traditional Adoption theor
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