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iris [78.8K]
3 years ago
9

The only income Ramon needs to report on his Schedule C is his income from Form 1099-K, Payment Card and Third Party Network Tra

nsactions.
a. True
b. False
Business
1 answer:
madreJ [45]3 years ago
8 0

Answer:

False

The statement stated above is not true.

Explanation:

  • Ramon needs to keep report into his Schedule C is his income from Form 1099-K is not only the entity but other aspects too along with Payment Card and Third Party Network Transactions.
  • Sole - Proprietors income is reported on their schedule C as a gross receipts that subjects to the tax related to the self employment.
  • It is the form used to prepare report on the payments received through different third party networks.

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Economists usually assume that production is subject to increasing opportunity costs because: a. higher production usually resul
umka2103 [35]

Answer:

d. not all resources are equally suited to producing every good.

Explanation:

The rule of increasing cost of opportunity is the principle that, when you keep increasing the development of one item, the cost of opportunity of creating the next unit rises. It occurs just as you redistribute resources to create one product which was ideally suited to create the initial product.

8 0
3 years ago
Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income
OverLord2011 [107]

To determine the tax amount you multiply the gross pay and the tax percentage. In this case, you would multiply $35,600 by .16 which equals $5,696 for the federal tax year. Remember: to convert a percentage to a decimal number, move the decimal place 2 places to the left.

6 0
3 years ago
Read 2 more answers
Studying international business is important because the best way of conducting business is usually the same from country to cou
kakasveta [241]

Answer:

FALSE

Explanation:

Conducting business is usually NOT the same from country to country because:

1. DIFFERENCE IN BUSINESS ETHICS: Business ethics vary from nation to nation. European countries work from 8 am to 5 pm on a typical work day and rest on Saturdays and Sundays; but in the middle East, people do not work on Fridays but work on Sundays. They also take a lot of business time off for routine prayers during normal work hours.

2. NEED FOR TRANSLATORS: Differences of language does increase the cost of carrying out business activities in other nations. Take India and China for example; You cannot conclude that business deals will be carried out without hiring a translator who understands Hindi or Mandarin.

3. LOCAL LAWS AND CUSTOMS: The UK customs and laws require that cars be driven on the left hand side of the road but that is not the same in most other countries of the world, hence a U.S car manufacturer must be aware of the costs of redesign if he has to sell cars in the U.K.

5 0
3 years ago
Bought goods<br> for<br> cash $100<br> to double<br> entry system.
aalyn [17]
Purchases account is going to increase on the credit side and the cash account is going to decrease ( to be written on the credit side).
3 0
3 years ago
Jones and smith share the same cuvical in the officce. Jones loves to listen to music on his speakers while working. Smith is no
Talja [164]

Answer:

A. that my answers

Explanation:

Jones and smith share the same cuvical in the officce. Jones loves to listen to music on his speakers while working. Smith is not able to concentrate on his work in the presence of music. Jones recieves benefits worth $200 regardless of whether he listen to music on his speakers or headphones. The cost of headphones is $50. SMith is not abke to conecentrate on his work and suffers damages worth $350 when Jones listens to music without his headphones. Smith does not suffer any damages when Jones listens to music on his headphones.

Suppose the office does not have any rules against listening to music on speakers while working. In thisâ case, if Jones and Smith do notâ communicate, the market outcome is that:

a. Jones continues to listen to music on his speakers; therefore, Smith is not able to concentrate on his work

b. Jones continues to listen to music on his speakers; however, Smith is able to concentrate on his work

c. Jones starts listening to music on headphones; therefore, Smith is able to concentrate on his work

d. Jones stops listening to music on his speakers; therefore, Smith is able to concentrate on his work

4 0
2 years ago
Read 2 more answers
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