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Montano1993 [528]
3 years ago
13

Melba receives most of her income from wages from her job as a high school teacher. She also receives supplemental income from f

reelance tutoring part-time during the summer. Because her tutoring income is not subject to withholding, Melba is concerned that she will have a balance due at the end of the year. Which of the following is an option you can recommend to Melba to avoid a balance due?
A) Decrease her withholding allowances by submitting Form W-4 to her employer.

B) Claim an exemption from withholding.

C) Send a notarized letter to her employer requesting that they withhold additional amounts from her pay each month.

D) Investigate whether she qualifies to classify her tutoring income as a hobby rather than as business income.
Business
1 answer:
kiruha [24]3 years ago
5 0

Send a notarised letter to her employer requesting that they withhold additional amounts from her pay each month.

Option C

Explanation:

A certificate approved by a notary public is a notarised text. The notary public is a public officer who confirms the identity of everyone who signs the document, observes the signatures and seals the document.

If at the flat rate or the low marital rate they withhold.

Many deductions are claimed: any gain they claim decreases the amount deducted. In the case of a further refund: you will petition for a further amount of each paycheck that is withheld.

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The solution is given in the table file attached below

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3 years ago
Ben katchor used _____ to create multiple locations for the production of the slugbearers of kayrol island.
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3 years ago
Gray is a 50% partner in Fabco Partnership. Gray's tax basis in Fabco on January 1, year 4, was $5,000. Fabco made no distributi
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Answer:

$21000

Explanation:

To determine Gray’s tax basis  for a 50% interest in the Fabco Partnership, The interest is increased by the partner’s  distributive share of all partnership items of income and decreased by the partner’s distributive share of all loss and  deduction items.

Gray’s beginning basis = $5,000  

Gray’s 50% distributive share of ordinary  income = 50% × $20000 = $10000

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6 0
3 years ago
Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $
vodka [1.7K]

Answer:

10.38%

Explanation:

The formula to compute the effective annual rate of the loan is shown below:

= (1 + nominal interest rate ÷ periods)^ number of period - 1

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3 years ago
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Insert a page break.
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