The correct answer is; businesses and anyone who works and pays taxes.
Further Explanation:
Any one who is working in the United States has to pay income taxes. Businesses must also pay income taxes. Income taxes are due each year, generally from January 1st until April 20th.
People can do their own taxes or hire an accountant to do them. There are numerous websites where it is free to file taxes such as Turbotax and H&R Block. If a person has overpaid they are due a refund.
Both businesses and individuals can file for an extension on their taxes.
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Owner contributions and retained earnings are combined in a single capital account on the balance sheets of .proprietorships.
A sole proprietorship, also known as a sole proprietorship, sole proprietorship, or sole proprietorship, is a form of business owned and operated by a single person where there is no legal distinction between owner and business entity. Sole proprietorships do not necessarily work alone and may employ other people.
Examples of sole proprietors include small businesses. B. A one-person art studio, grocery store, or IT consulting service. The moment you start offering goods and services to others, you become a sole proprietorship.
A sole proprietorship is a business owned and controlled by an individual, corporation, or limited liability partnership. The company has no partners. Sole proprietorship legal status can be defined as follows: It is not a legal entity separate from the business owner.
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Answer:
C. $4.20
Explanation:
The computation is shown below:
Before that we need to do following calculations
Total costs to be incurred is
= ($2 × 5,000,000 units) + $9,000,000
= $19,000,000
Now
Required return is
= $40,000,000 × 5%
= $2,000,000
So,
Sales price per unit is
= (Total cost incurred + required return) ÷ number of unit sold
= ($19,000,000 + 2,000,000) ÷ 5,000,000 units
= $4.20
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His total earnings for the week was $1,548
