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egoroff_w [7]
3 years ago
8

For 2019, Eric is a self-employed financial consultant. During the current year, Eric's net self-employment income is $132,150.

The OASDI rate is 6.2%; the MHI rate is 1.45%. Hint: OASDI 6.2% tax is on the first $132,900 for the year. Note: Round all calculations to the nearest cent. What is Eric's self-employment tax?
Business
1 answer:
Alex Ar [27]3 years ago
3 0

Answer:

The Eric's self-employment tax is $10109

Explanation:

The computation of the Eric's self employment tax is shown below:

= Net Self employment income × OASDI  tax rate +  Net Self employment income × MHI tax rate

= $132,150 × 6.2% + $132,150 × 1.45%

= $8,193.30 + $1,916.175

= $10109.475

The OASDI tax rate is also called social security tax and the self employment tax comprises of OASDI tax and MHI tax.

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Assume a​ Cobb-Douglas production function of the​ form: q equals 10 Upper L Superscript 0.33 Baseline Upper K Superscript 0.75.
Gnesinka [82]

Answer:

Since 0.33 + 0.75 = 1.08 is greater than one, this production function therefore exhibits increasing returns to scale.

Explanation:

From the question, we have the following restated equation:

q=10L^{0.33} K^{0.75}

Where q is the output, and L and K are inputs

To determine the types of returns to scale, we increase each of L and K inputs by constant amount c as follows:

q = 10(cL)^{0.33}(cK)^{0.75}

We can now solve as follows;

q = 10c^{0.33+0.75} L^{0.33}K^{0.75}

q=c^{1.08} L^{0.33} K^{0.75}

Since 0.33 + 0.75 = 1.08 is greater than one, this production function therefore exhibits increasing returns to scale.

4 0
3 years ago
ACTIVITY 2.
egoroff_w [7]

Answer:

A. Product

B. Price.

C. Place.

D. Promotion.

Explanation:

Marketing plan can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets (customers) so as to build and maintain a desired response.

Generally, a marketing plan is made up of the four (4) Ps and these includes;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.

8 0
2 years ago
Meno is 64 years old. Although continuously faced with considerable stress and difficulty in his life, he always displays an opt
sweet-ann [11.9K]

Answer:

B. probably live longer than those without such positive attitudes.

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An attitude is an entity or principle which defines a person's personality and thoughts. It helps a person building an emotional outlook altogether. Attitude can be both positive and negative. It affects the thought, emotions, and feelings of the person. It depends on the attitude how a person handles a situation. In the case of Meno, it is because of his positive attitude that he will be able to live longer and happier than other people.

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3 years ago
Both SAR and EC are important attributes of irrigation water. What do these measures indicate? What is the danger of irrigation
PSYCHO15rus [73]

Answer:

a. SAR is the Sodium adsorption ratio of the water used for irrigation purpose. SAR is ratio of sodium concentration to that of calcium and magnesium concentration.This value is also useful while managing soils that have high concentration of sodium which can occur naturally in some soils.  Although sodium is a macro-nutrient for plants, higher concentration of sodium can cause the displacement of the calcium and magnesium ions in soil which can affect the soil structure by preventing aggregation of clay in the soil resulting in a decrease in the infiltration rates.

b. EC is the electrical conductivity of the soil which depends on the salinity of the soil. High salinity means more solutes in water and this increases the osmotic potential of the soil solution making it difficult for plants to absorb water.

4 0
2 years ago
Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of
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Answer:

1. Overhead rate based on direct labor cost = Overhead applied * 100/Direct labor cost

Overhead rate = 888 * 100/1200

Overhead rate = 74% of direct labor cost

2. Preparation of the brief job-order cost sheet for the four jobs.

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Beginning balance, March 1  6,888       6,820

Direct materials                      3,000       7,000      2,100     1,500

Direct labor                             800          6,000      900       500

Applied overhead                   <u>592 </u>        <u> 4440</u>        <u>666</u>      <u>370</u>

Total Balance March 31        <u>11,280</u>      <u>24,260</u>     <u>3,666</u>   <u>2,370</u>

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3 years ago
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