1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Blizzard [7]
4 years ago
12

Adam Fleeman, a skilled carpenter, started a home improvement business with Tom Collins, a master plumber. Adam and Tom are conc

erned about the payroll taxes they will have to pay. Assume they form an S corporation and each earns a salary of $90,000 from the corporation; in addition, they expect their share of business profits to be $76,750 each. How much Social Security tax and Medicare tax (or self-employment tax) will Adam, Tom, and their corporation have to pay on their salary and profits?
Business
1 answer:
makkiz [27]4 years ago
8 0

Answer:

on average medicare tax is 1.45 % tax and social security is 6.25 % so simply multiply by those numbers their net income and go from there

Explanation:

You might be interested in
Ruby wants to change the size of the margins in her document. Which of the following is a command she might use to do so in her
vichka [17]
The answer is C. Page Setup
7 0
4 years ago
Read 2 more answers
Identify how planned investment will change in each scenario. Airwings, a commercial airline manufacturer, becomes optimistic ab
kari74 [83]

Answer:

See explaination for the details of the answer.

Explanation:

1) Increase

As business is optimistic about its future, such business will start capacity expansion to cater for consumer demand.

2) Decrease

Higher real interest rate simply means borrowing cost is higher for the firms and so that they will reduce the investment in respose to that.

3) Decrease

A lower tax means higher profits and firms can pass these benefits to consumers with lower prices, to employees with higher wages and to the government with tax on profit. However, if the rate of tax itself has been increased then in that case corporates will see higher tax as a dampener in sentiments and they might curtail investment plans.

4) Decrease

A recession means there will be lesser economic activity overall and demand will be lower so as the consumption. In such case, planned investment will be reduced.

7 0
3 years ago
In 2010, some bottles of a competitor’s kombucha were bubbling and leaking at a whole foods in texas. Test results revealed that
Nitella [24]

After losing all of this distribution, one option for it might have been a form of nonstore retailing that uses machines to offer goods for sale. This is an example of automatic vending.

Right here are the styles of retailing that exist these days – save retailing: This includes different forms of retail stores like branch shops, specialty shops, supermarkets, comfort shops, catalog showrooms, drug shops, superstores, discount stores, excessive cost stores, and so forth.

The retailing concept is an idea that examines the evolution of and transformation of the retail lifestyles cycle. This concept was first introduced by using Professor McNair from Harvard College. The retailing idea indicates new retailers will generally begin with low-value and occasional-margin operations.

Retail is the sale of products and services to purchasers, in comparison to wholesaling, that is sales to business or institutional clients. A store purchases goods in massive quantities from manufacturers, without delay or via a wholesaler, after which sells in smaller quantities to purchasers for a profit.

Learn more about retailing here brainly.com/question/17613245

#SPJ4

7 0
1 year ago
A bad-news message using the indirect strategy begins with a ____________________, which is a neutral but meaningful statement t
sp2606 [1]

Answer:

The correct word for the blank space is: buffer.

Explanation:

The indirect strategy of providing messages is implemented when <em>bad news</em> must be provided. Details are mentioned first to give the final idea at the end. This strategy might not attract the audience interest at first being this the reason why a <em>buffer </em>must be included. Buffers are meaningful segments that incentivize the audience to pay attention to the message following an initial interesting fact.

7 0
3 years ago
What type of checking account charges a small fee for every check that clears the account?
erma4kov [3.2K]

The type of checking account that charges a small fee for every check that clears the account is a Cost-per-check account

I hope this helps! :)

-Ayden

8 0
4 years ago
Read 2 more answers
Other questions:
  • Slider owns a hamburger restaurant. Slider's minimum average variable cost is $ 10 at a quantity of 100 hamburgers, and his mini
    14·1 answer
  • The higher the _____ that future earnings may not be achieved, the higher the return on investment investors demand.
    15·1 answer
  • Define business inventories and explain how they are counted in GDP.
    8·1 answer
  • What factors affect the time value of money and the cost of borrowing money?
    6·1 answer
  • In 2014 Electric Autos had sales of $135 million and assets at the start of the year of $220 million. If its return on start-of-
    15·1 answer
  • In her study of real estate and inequality, graduate student shania looks for the "aspen effect." she is looking for:
    5·1 answer
  • Balloon payments are payments that are?
    6·1 answer
  • Refer to the amortization tables in your slides. If the beginning balance of the bond (issued at a discount) is $885.30, the cas
    5·1 answer
  • What resource suggests that Tolaram, an Indonesian-based multinational, may have a competitive advantage in formulating and impl
    7·1 answer
  • question content area in recording the cost of goods sold for cash, based on data available from perpetual inventory records, th
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!