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
Papessa [141]
3 years ago
14

Samir is a self-employed marketing consultant. He had no income from January through March 2020. His April through December 2020

income subject to SE tax is $55,000. Samir's SE tax for 2020 is $7,771 [$55,000 x 0.9235 x 0.153 = $7,771]. Samir may reduce his estimated tax payments by how much? Hint: USE Form Schedule SE to help you find the answer. $2,849 $3,886 $3,149 $6,298
Business
1 answer:
babunello [35]3 years ago
6 0

Answer:

$3,886

Explanation:

A self employed taxpayer can deduct the employer portion of self employment taxes that he/she pays during the year. In this case, total self employment taxes are $7,771 x 50% = $3,885.50 corresponding to employer taxes (the other 50% are not deductible since they correspond to employee taxes).

Self employment taxes include Medicare and Social Security taxes (FICA taxes basically).

You might be interested in
Pearson Electric Company uses the high-low method to analyze mixed costs. The following information relates to the production da
Simora [160]

Answer: 6520 + 3x

Explanation:

Firstly, we need to calculate the variable cost per hour which will be:

= (Highest activity cost – Lowest activity cost)/(Highest activity hour – Lowest activity hour)

= (9460 - 7300)/(980 - 260)

= 2160 / 720

= 3

We'll also find the fixed cost which will be:

= Fixed cost = Highest activity cost – (Variable cost per hour x Highest activity hour)

= 9460 - ( 3 x 980)

= 9460 - 2940

= 6520

Therefore, the cost function will be:

= 6520 + 3x

8 0
3 years ago
Jenny, owner of an ice cream parlor, has been experimenting with different flavors to create a new exotic ice cream for her cust
Alecsey [184]

Answer:

Lol this is easy

Explanation:

B C Or D

its C

4 0
4 years ago
Verna has no idea how she ended up in her current surroundings. she feels comfortable and is not bothered by the fact that she c
Fynjy0 [20]
Verna is likely to experience the dissociative fugue. It is a type of disorder that falls under the dissociative area. It is where an individual could experience a type of reversible amnesia of which it targets to forget the person's identity, behavior or memories of which Verna is experiencing above as the symptoms are evident.
7 0
3 years ago
Positively-framed marketing messages are generally more persausive than negatively-framed marketing messages.
NISA [10]

Positively framed messages for marketing are not more persuasive generally than negatively framed messages for marketing.

Answer:  False

<u>Explanation:</u>

The messages which are used for the marketing of a particular good or service are known as the marketing messages. These messages can either be framed in a positive manner or can be framed in a negative manner.

The positively framed message for marketing is not more persuasive than the negatively framed messages for the marketing. Customers are more attracted towards negative messages.

3 0
4 years ago
An advantage to dedicated fulfillment is ___________________________.
AleksandrR [38]
An advantage to dedicated fulfillment is A) no disruption to store operations. The dedicated fulfillment is one of eight types of fulfillment to consumer model. A dedicated fulfillment describes two separate channels required for delivering the company's product. These two channels are the retail store distribution and the direct to customer distribution<span>. Thus, there is no disruption to store operation.</span>
3 0
3 years ago
Other questions:
  • 6. Assume that as of August 1, 3,000 units of flat panel displays have been produced and sold during the current year. Analysis
    12·1 answer
  • How many back-up contracts can be created using the trec-promulgated addendum?
    7·1 answer
  • If the coupon rate on an outstanding bond is lower than the relevant current interest rate, then the yield to maturity would be
    10·1 answer
  • Question 20 if orange juice prices double next year, there will be a rightward shift in the demand for grapefruit juice. rightwa
    15·1 answer
  • Jason Mathews purchased 300 shares of the Hodge &amp; Mattox Energy Fund. Each share cost $15.15. Fifteen months later, he decid
    13·1 answer
  • When a company's only potential common shares are convertible bonds:A. Diluted EPS will be greater if the bonds are actually con
    15·1 answer
  • The following amounts were reported by Burke Company before adjusting its immaterial overapplied manufacturing overhead of $8,00
    8·1 answer
  • Gustavson Corporation uses the direct method to allocate service department costs to operating departments. The company has two
    14·1 answer
  • Waterway Industries provided the following information on selected transactions during 2021: Dividends paid to preferred stockho
    10·1 answer
  • Rhiannon Corporation has bonds on the market with 17.5 years to maturity, a YTM of 6.4 percent, a par value of $1,000, and a cur
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!