A. Congress
When referring to the Senate and the House of Representatives, it should be capitalized.
Answer:
the correct answer is *not spending all their current incomes.
Explanation:
if you look at all the other options, they are not creating wealth but depletes it away. the only way to build wealth is by investing and saving over time. ideally, by not spending all their current income.
Answer:
His taxable income for 2019 is $4,740
Explanation:
In order to calculate his taxable income for 2019 first we have to calculate the following:
First we have calculate the sum of the total income (earned and unearned)=$5,090+ $890=$5,980
Taxable income for 2019=total income-Higher of the following two:a. $1,000 or b. $890+$350
Therefore, Taxable income for 2019=$5,980-$1,240
=$4,740
His taxable income for 2019 is $4,740
Answer:
<u>c. exposing himself to unlimited personal liability.</u>
Explanation:
One major characteristic of sole proprietorship being the individual is sole recipient of profits and sole bearer of all risks and liabilities.
A sole proprietor bears unlimited liability in the sense that, in case of bankruptcy, the proprietor's personal assets can be taken away to repay debts owed by him.
Though a proprietor also remains the sole recipient of all gains, similarly the proprietor is also exposed to unlimited risk.
Thus, the correct option is, c. exposing himself to unlimited personal liability .
