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3 years ago

Profits from a sole proprietorship are reported as taxable income and

Business

2 answers:

lawyer [7]3 years ago

6 0

Answer:

Profits from a sole proprietorship are reported as taxable income and are subject to a self-employment tax of approximately 15%

Explanation:

Textbook!!

pantera1 [17]3 years ago

4 0

Profits from a sole proprietorship are reported as taxable income and is reported on Schedule C (Profit or Loss From Business) of the proprietor's Form 1040 (US Individual Tax Return).

Explanation:

A sole proprietorship can be defined as the business ran or operated by a single individual. They are generally self-employed and must pay the self employment (SE) tax on the income that the individual earned from the business.

The Schedule C is the income statement of the proprietor for the financial year. To complete this schedule, the profit of the business is evaluated by including all the expenses and income with the cost of the sold goods.

The resultant is called the net income (income - expenses) of the business which is also known as the taxable income of the business.

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Vangaurd Health System bonds have an annual coupon rate of 8 percent and a par value of $1,000 and will mature in 20 years. If y

Umnica [9.8K]

Answer:

Price willing to pay=$1105.94

Explanation:

Annual Coupon Payment=$1,000*0.08

Annual Coupon Payment=$80

Calculating Present Value (PV) of Par Value:

$PV=\frac{FV}{(1+i)^{20}}$

Where:

i is the rate of return.

FV is par value

$PV=\frac{\$1000}{(1+0.07)^{20}}$

PV= $258.419.

Calculating PV of annual Coupon Payment:

$PV=A\frac{1-(1+i)^{-20}}{i}$

i is the coupon rate

A is the annual Payment

$PV=\$80\frac{1-(1+0.07)^{-20}}{0.07}$

PV=$847.521

Price willing to pay= Present Value (PV) of Par Value+ PV of annual Coupon Payment

Price willing to pay=$258.419+$847.521

Price willing to pay=$1105.94

8 0

3 years ago

Why it is important for alsa management to understand the importance of social media for their work

alina1380 [7]

Answer: It is significant for the ALSA supervisory group to comprehend the significance of online media in their work since they had their best pledge drive because of web-based media. ... The ALSA supervisory crew likewise comprehended that the effect of rehashing the occasion one year from now would not be the equivalent.

Explanation:

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4 years ago

A financial analyst is attempting to assess the future dividend policy of Environmental Systems by examining its life cycle. She

GrogVix [38]

Answer:

Consider the following calculations

Explanation:

A. Dividend per Share = Dividend Payout Ratio * Earnings Per Share

Putting the values given to calculate dividend per share we get,

Stages DPS = Payout Ratio * EPS DPS

Stage 1 =0.00*$0.30 $0

Stage 2 = 0.13*1.95 $0.25

Stage 3 =0.31 * $ 2.80 $0.868

Stage 4 = 0.56*$3.40 $1.90

b. Calculation of Investors After Tax Income from Cash Dividend:-

Cash Dividend = Number of Shares * DPS in Stage IV

= 290 * $ 1.90

= $552.16

After Tax Income = DIvidend ( 1 - Tax Rate)

= $ 552.16 ( 1- 0.15)

= $ 469.34

C:- In Stage II and Stage III for Growth & Expansion respectively, the firm is likely to utilise stock dividend or stock split.

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4 years ago

You are putting together a team for a special project at work. Your friend Jim and another co-worker John both want to be on the

stellarik [79]

Answer:

You choose Jim since they are both similar employees and choosing your friend is OK

Explanation:

Since in the question it is mentioned that Jim and John both wants to be on the team but there is only one room that belong to other one person. Although they have the same skill and work ethics so here we should choose Jim as it is okay to select friend who have the same attributes or characteristics

Therefore the above represent the answer

7 0

3 years ago

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spin [16.1K]

Answer:

Dr Machinery $4500

Cr Cash $4500

Explanation:

The reason is that the Internation Accounting Standard IAS 16 Property, Plant & Equipment says that the company must capitalized all those costs that are necessary to make the asset ready to use which means that the cost of training which is $500 and purchasing cost which is $4000 must be capitalized as part of the asset.

So the entry would be:

Dr Machinery $4500

Cr Cash $4500

4 0

3 years ago