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iris [78.8K]
4 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]4 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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What are the possible problems for readers when companies market their goods on social media? How do social media companies make
Gwar [14]

Answer:

I want to know to

Explanation:

3 0
3 years ago
Alice purchases a rental house on August 22, 2019, for a cost of $174,000. Of this amount, $100,000 is considered to be allocabl
Vlada [557]

Answer:

$1,364

Explanation:

According to the MACRS a rental house is classified as the 27.5 year residential property. It is the first year after purchase and August is the 8th month of 2019 and so according to the MACRS depreciation table for the residential property the rate applicable for this property is 1.364%. Maximum depreciation deduction for the year 2019 is

Cost of House = $174,000

Cost of Land = $74,000

Cost of Building = $100,000

As depreciation on land is not applicable because it does not depreciate. The depreciation will be calculated using Building value

Depreciation = $100,000 x 1.364% = $1,364

6 0
4 years ago
On January 6, Brumbaugh Co. sells merchandise on account to Pryor Inc. for $7,000, terms 2/10, n/30. On January 16, Pryor Inc. p
Harrizon [31]

Answer:

No.      Date       Accounts titles and explanation   Debit    Credit

(a)       Jan. 6      Accounts receivable               $7,600  

                                           Sales                                             $7,600

              Jan. 16              Cash                                 $7,296  

                                   Sales discounts($7,600 * 4%) $304  

                                     Accounts receivable                              $7,600

(b)        Jan. 10        Accounts receivable                 $13,300  

                                                       Sales                             $13,300

                Feb. 12                        Cash                   $6,650  

                                     Accounts receivable                             $6,650                              

               Mar. 10             Accounts receivable          $133  

                                           Interest revenue(6,650 * 2%)     $133

7 0
3 years ago
Read 2 more answers
U.S. imports are​ _____ produced in​ _____ and sold in​ _____. A. goods and​ services; any other​ country; the United States B.
maks197457 [2]

Answer:

The correct answer is option A.

Explanation:

US imports refer to the goods and services that are produced in some countries other than the US. These goods are then sold in the US. The imports for the US are exports for the country that is producing those goods and services.

While the goods and services that are produced in the US and sold in some other country are exports for the US and imports for the purchasing country.

6 0
3 years ago
What does a speech-language pathologist do?
klasskru [66]

Answer:

they help treat and prevent disorders affecting an adult or a childs swallowing.

Explanation:

so basically, people who have trouble speaking or swallow alot while trying to speak see a speech-language pathologist to get treatment to be able to prevent this from happening and improving their speech. Not all cases have to do with swallowing sometimes its just a persons speech itself, sometimes even lisps.

3 0
3 years ago
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