Ask question

Ask question

All categories

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

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.

You might be interested in

Landmoon Inc. has 10,800 shares of common stock outstanding at a price of $42 per share. It also has 245 shares of preferred sto

zhuklara [117]

Answer:

0.0210

Explanation:

The computation of the weight of the preferred stock is shown below:

Particulars Shares Price Value ( Shares × Price) Weight ( Value ÷Total value)

Equity 10,800 $42 $4,53,600 0.4179

Preferred Stock 245 $93 $22,785 0.0210

Bonds 580 $1,050 $6,09,000 0.5611

Total value $1,085,385

for computing the weight we simply divide the value of the preferred stock with the total value

4 0

2 years ago

________ is/are changes in products, services, or processes that radically change an industry's rules of the game.

sashaice [31]

Disruptive innovation are changes in products, services or processes that radically change an industry's rules of the game. By doing this, they are able to create a new market or change the value to an existing market. The disrupt the existing market and value by improving products or services.

7 0

3 years ago

In 2014 the average cost of a four year college is $26,017. How much is a four year college expected to cost in 2034 based on 7%

Oksana_A [137]

Answer:

i think the answer is $27,350

Explanation:

i hope it help

6 0

3 years ago

Products that consumers a regularly without spending much effort on thinking about them are?

vitfil [10]

Answer: Convenience, Shopping, Speciality and Unsought

Explanation: Next time please be more specific Thanks

8 0

2 years ago

Read 2 more answers

g Kaye's Kitchenware has a market/book ratio equal to 1. Its stock price is $12 per share and it has 5.2 million shares outstand

Ede4ka [16]

Answer:

48.00%

Explanation:

For computing the debt to capital ratio, first we have to determine the equity value and debt value which is shown below:

Equity value = Number of outstanding shares × stock price per share

= 5.2 million shares × $12

= $62.4 million

We know,

Total capital = Debt + equity

$120 million = Debt + $62.4 million

So, the debt would be

= $120 million - $62.4 million

= $57.6 million

Now the debt to capital ratio would be

= $57.6 million ÷ $120 million

= 48.00%

7 0

3 years ago