PLEAS HELP!!!!!!!! I NEED ANSWERS ASAP!!!!!

Benny is self-employed. he’s experienced a bit of success over the last few years and is now ready to purchase a home. he’s meet

vovangra [49]

Benny is self-employed. he’s experienced a bit of success over the last few years and is now ready to purchase a home. he’s meeting with a lender later today . Benny can expect to be asked for additional documentation to verify his income.

Self-employment is the state of being able to work for yourself rather than for your employer. Tax authorities generally consider an individual to be self-employed if they choose to be recognized as self-employed or if the individual has income that is taxable.

Self-employed means doing business as a partner or owner rather than working for your employer. According to IRS guidance (page 2), a person who “trades or does business as a sole proprietorship or independent contractor” is self-employed.

Learn more about self-employed here: brainly.com/question/20750656

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3 0

2 years ago

Based on the following information, determine the location quotient for Amusement City and whether this city has a competitive a

Lelu [443]

Answer:

a. 0.23; No, the city does not have a competitive advantage in this industry

Explanation:

Calculation to determine the location quotient for Music City and whether this city has a competitive advantage in the entertainment industry

Location quotient for Music City= (3020/ 656,785)/ (2,160,970/ 106,201,232)

Location quotient for Music City=0.004598/0.020347881

Location quotient for Music City= 0.225

Location quotient for Music City= 0.23 (Approximately)

Based on the above calculation the city does NOT have a competitive advantage in this industry.

6 0

3 years ago

A job order cost system uses a predetermined factory overhead rate based on expected volume and expected fixed costs. At the end

olya-2409 [2.1K]

Answer:

Actual volume: Actual fixed Cost:

Less than normal; Greater than expected

Explanation:

Job order costing may be utilized for numerous different businesses, and each business retains records for one or more inventory accounts. The manufacturing industry keeps a trail of the costs of each inventory account as the product is shifted from raw materials inventory into work in process, through work in process, and into the finished goods inventory

4 0

3 years ago

Read 2 more answers

Tharaldson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Stan

Georgia [21]

Answer:

Direct material price variance= $24,603.6 favorable

Explanation:

Giving the following information:

Direct materials 7.6 ounces $4.00 per ounce

Purchases of raw materials 17,400 ounces

Actual cost of raw materials purchases $45,000

<u>To calculate the direct material price variance, we need to use the following formula:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (4 - 2.586)*17,400

Direct material price variance= $24,603.6 favorable

Actual price= 45,000/17,400= $2.586

3 0

2 years ago

A seller listed her residence with a broker. the broker brought an offer at full price and terms of the listing from buyers who

garik1379 [7]

In this situation, it is likely that the seller owes a commission to the broker because the broker had already brought an offer in which he has already had terms of agreement from a buyer, even though the seller disagrees, the seller still owes the broker the commission he deserves.

3 0

3 years ago

PLEAS HELP!!!!!!!! I NEED ANSWERS ASAP!!!!!​

PLEAS HELP!!!!!!!! I NEED ANSWERS ASAP!!!!!