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Marrrta [24]
3 years ago
8

Laura is self-employed. She received a Form 1099-MISC from one of the firms for which she performed services, reporting $24,600

in non-employee compensation. The other firm for which she worked on a contractual basis did not send her any documentation reporting the $400 they paid her. Without taking her expenses into account, how much income must Laura report from self-employment activities?
a. $25,000

b. $24,600

c. $400

d. $0
Business
1 answer:
Yuliya22 [10]3 years ago
3 0

Answer:

correct option is a. $25,000

Explanation:

given data

Form 1099-MISC = $24,600

other firm = $400  

solution

we get here Laura income report under Self employed that is express as

Laura income report under Self employed = total income of ( Form 1099-MISC + other firm  )    ..........................1

here we Form 1099 MISC receipt so her income will be treat as self employed income

so put here value we get

Laura income report under Self employed  = $24,600 + $400

Laura income report under Self employed  = $25000

so correct option is a. $25,000

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MArishka [77]

Answer:

las alianzas se convierten en estrategias para generar mayor beneficio y crear valor social en diversos problemas del ambito social y ambiental, las cuales aportan a nuevas soluciones o pequeñas ayudas para aquellos problemas.

Explanation:

4 0
3 years ago
Seabuds Corp., a company that sells canned fish, was banned from selling its products after the Food and Drug Administration (FD
Luba_88 [7]

Answer:

Administrative Law

Explanation:

Administrative Law are the norms and rules that the government agencies and companies that interact with them  must follow

3 0
3 years ago
A bond has a face value of $1,000, a coupon of 4% paid annually, a maturity of 30 years, and a yield to maturity of 7%. What rat
Lelechka [254]

Answer:

-11.8%

Explanation:

the key to answer this question is to remember that valuation of a bond depends basically of calculating the present value of a series of cash flows, so let´s think about a bond as if you were a lender so you will get interest by the money you lend (coupon) and at the end of n years you will get back the money you lend at the beginnin (principal), so applying math we have the bond value given by:

price=\frac{principal*coupon}{(1+i)^{1} }+ \frac{principal*coupon}{(1+i)^{2} } \frac{principal*coupon}{(1+i)^{3} }+...+\frac{principal+principal*coupon}{(1+i)^{n} }

so in this particular case that one year later there are 29 years to maturity so we have:

price=\frac{1,000*0.04}{(1+0.08)^{1} }+ \frac{1,000*0.04}{(1+0.08)^{2} } \frac{1000*0.04}{(1+0.08)^{3} }+...+\frac{1,000+1,000*0.04}{(1+0.08)^{30} }

price=553.6638

so as we have a higher rate the investment has the next return:

return=\frac{553.66}{627.73} -1

return=-11.8\%

4 0
3 years ago
Janet wants to calculate the real growth rate for the US between 2010 and 2011. She has the follow information: real GDP in 2010
Zina [86]

Answer:

The answer is 3.3%

Explanation:

Percentage growth rate is

New figure - Old figure /old figure x 100%

Real GDP in 2011 is $15.5 trillion

Real GDP in 2010 is $15 trillion

So we have $15.5 - $15/$15 x 100%

$0.5/$15 x 100%

0.033 x 100%

3.3% is the growth rate between 2011 and 2010.

Alternatively, new figure - old figure - 1

$15.5/15 - 1

1.033 - 1

0.033

Expressed as a percentage

0.033 x 100%

3.3%

8 0
3 years ago
A company using the periodic inventory system has inventory costing $152 on hand at the beginning of a period. During the period
BabaBlast [244]

Answer:

A. $288

Explanation:

The cost incurred to produce or purchase the product which is being sold is called cost of goods sold.

Cost of Goods Sold = Beginning Inventory + Purchases in the period - Ending Inventory

Cost of Goods Sold = $152 + $492 - $356

Cost of Goods Sold = $288

7 0
3 years ago
Read 2 more answers
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