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3 years ago

5

Stew Beauf is a self-employed surfboard-maker in 2019. His Schedule C net income is $152,800 for the year. He also has a part-ti

me job and earns $9,168 in wages subject to FICA taxes. Calculate Stew's self-employment tax for 2019 using Schedule SE.

1 answer:

NikAS [45]3 years ago

6 0

The answer to this question is $356,567

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Which one of the following statements about protective tariffs is correct?

Dima020 [189]

The answer is (B):
- Protective tariffs are government payments to domestic producers to reduce the world prices of exported goods.

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2 years ago

The Chinese culture is a tight social framework in which people take care of the members of a broader in group and act loyal to

Dmitriy789 [7]

Answer:

Collectivism

Explanation:

In China is found a highly collectivist culture where individual members of the society act in the interest of the groups and not to satisfy their own personal interests. The unity established by this culture helps them collaborate effectively in large –scale projects and contribute their best towards attaining a better outcome.

The collectivism practiced in china is different from what is seen in most western parts of the world where individuals, rather than groups, are at the center of activities.

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3 years ago

Which characteristic is not reflective of a successful entrepreneur?

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Answer:

a.) Self-conscious

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2 years ago

Sanford Co. sells $500,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the

Triss [41]

Answer:

ATTACHED file with the bonds schedule

Explanation:

First, we solve for the proceed from the issuance:

PV of the coupon:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 25,000.000 (500,000 x 10%/2)

time 7 (3 and a half year x 2 payment per year)

rate 0.06 (12% annual / 2)

$25000 \times \frac{1-(1+0.06)^{-7} }{0.06} = PV\\$

PV $139,559.5360

PV of maturity:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity 500,000.00

time 7.00

rate 0.06

$\frac{500000}{(1 + 0.06)^{7} } = PV$

PV 332,528.56

PV c $139,559.5360

PV m $332,528.5568

Total $472,088.0928

Then we construct the bonds schedule as follows:

procceds 472,088

face value 500,000

discount on bonds payable -27,912

bond rate 0.05

market rate 0.06

ionterest expense: carrying value times market rate:

472,088 x 0.06 = 28,325.29

cash outlay 25,000

amortization 3,325.29

carrying value after first payment:

472,088 + 3,325.29 = 475,413.29

and the process repeat for all periods.

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