1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sammy [17]
3 years ago
9

Profits from a sole proprietorship are reported as taxable income and Question 5 options: can be reported as a deduction. are su

bject to a self-employment tax of approximately 15%. can be deferred to the next tax year. can't be taxed again in a future tax year.
Business
1 answer:
Nadya [2.5K]3 years ago
8 0

Answer:

(B) are subject to a self-employment tax of approximately 15%.

Explanation:

You might be interested in
The value of a dollar variesQuestion 1 options:A) inversely with the price of gold.B) directly with the price level.C) inversely
inn [45]

Answer:

Option (D) is correct.

Explanation:

There is a change in the value of the dollar with the change in the value or purchasing power of the other nation's currency. This means that there is a direct or positive relationship between the value of the dollar and the value of the other nation's currency. It is known as the exchange rate. Exchange rate is the rate at which goods are being traded between the nations.

8 0
3 years ago
Rita Gonzales won the $53 million lottery. She is to receive $2.2 million a year for the next 20 years plus an additional lump s
guajiro [1.7K]

Answer:

PV= $17,365,776.86

Explanation:

Giving the following information:

Cf= 2,200,000

Number of years= 20

Discount rate= 12%

Additional lump sum= 9,000,000

First, we need to calculate the future value using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {2,200,000*[(1.12^20) - 1]} / 0.12 + 9,000,000

FV= $167,515,373.4

Now, the present value:

PV= FV/(1+i)^n

PV= 167,515,373.4/1.12^20

PV= $17,365,776.86

7 0
4 years ago
An income statement reports information over a period of time, indicating the financial progress of a business in earning a net
ch4aika [34]

Answer:

True

Explanation:

An income statement is among the three important financial statements that a business prepares at the end of every financial year. It is divided into three main sections of revenues, expenses, and income.

The revenue section lists all sources of revenues and any adjustments to obtain the net revenue. The expenses section shows all business expenses and their total. The income section is the difference between revenue and expenses. A positive income means the made profits, while a negative income indicates losses.

5 0
3 years ago
According to a 2002 article in USA Today that was discussed in chapter 5, a researcher has found that 11 of the 15 largest compa
lawyer [7]

Answer:

interlocking directorates

Explanation:

5 0
3 years ago
Knoll, inc. currently sells 15,000 units a month for $50 each, has variable costs of $20 per unit, and fixed costs of $300,000.
Lunna [17]
Cost per unit
(300,000÷15,000)+20=40

Current profit
50×15,000−40×15,000=150,000

Profit change
60×15,000−40×15,000=300,000

units will knoll need to sell for profit to remain the same as before the price change is
(150,000+300,000)÷40=11,250
3 0
4 years ago
Other questions:
  • Helena showed a sample group of people some images that were taken from her company’s recent ad. The brand name was not shown in
    5·2 answers
  • List and describe three causes for shifts in the demand curve.
    7·1 answer
  • If a $1,000 bond is selling for 97, what is the selling price in dollars
    5·2 answers
  • Blue Chance Co. sells computers and video game systems. The business is divided into two divisons along product lines. Variable
    6·1 answer
  • Instruments had retained earnings of at December​ 31, . Net income for totaled ​, and dividends declared for were . How much ret
    9·1 answer
  • Gains in income and wealth translate into an increased likelihood of having good health, showing a clear link between health and
    7·1 answer
  • Creative Sound Systems sold investments, land, and its own common stock for $37.0 million, $14.3 million, and $38.6 million, res
    15·1 answer
  • When experts and journalists spend so much time talking about the limitations of education, they almost certainly are discouragi
    11·2 answers
  • Variable overhead is applied based on direct labor hours. The variable overhead rate is $220 per direct-labor hour. The fixed ov
    14·1 answer
  • Which person would most likely have a good credit report?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!