Correct option is A. Christopher is self-employed and reports all of his business-related income and expenses on his personal tax return. this is an example of <u>a proprietorship.</u>
<h3>What is meant by sole proprietorship?</h3>
A sole proprietorship is a type of business that is owned and operated by one person and in which there is no legal separation between the owner and the business entity. It is also referred to as a lone tradership, individual entrepreneurship, or proprietorship. A solitary proprietor may hire employees in addition to doing their own business .
The lone proprietor is solely responsible for all losses and obligations and receives all gains (subject to business-specific taxes). The owner of the firm is the owner of all of the company's assets and is also responsible for all of the company's debts. In contrast to a partnership, which has at least two owners, it is a "single" proprietorship.
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Answer:
d. $465.00
Explanation:
Calculation for the amount of total unemployment taxes
FUTA tax rate $60.00
(0.8%×$7,500)
SUTA tax rate $405.00
(5.4%×$7,500)
Total unemployment taxes $465.00
Therefore the amount of total unemployment taxes the employer must pay on this employee's wages will be $465.00
Answer:
The correct answer is letter "C": Simple interest is calculated on principal alone; compound interest is calculated on the principal as well as the interest you’ve already earned.
Explanation:
Interest may be <em>simple </em>or <em>compounded</em>. In general, simple interest is expressed as a percentage of the principal amount of a loan. It is calculated by <em>multiplying a loan's principal amount by the interest rate and the number of payment periods</em>. Compounded interest accrues on the principal amount of a loan and the interest accrued from previous periods. To calculate it <em>multiply the principal by the interest rate plus one (1), raised to the number of compound periods minus one (1).</em>
<span>JPEG
There are a lot of different file compression formats that are usable for images, but the most likely one Emily is using is JPEG. The amount of compression you can get from JPEG is configurable as an input parameter where you can get more compression by losing more fine detail. At moderate levels of loss, you can get extremely high compression ratios. One of the major problems is that JPEG does not do well when you expand a compressed image, edit it, then compress the edited result. Because of this, for picture editing purposes, a lossless compression format is recommended for original images that may be edited in the future.</span>
