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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).

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42-43. For the following independent situation for an individual taxpayer. Item Use (Personal or Business) Business Basis $25,00
ch4aika [34]

Answer:

$17,000

Explanation:

Fair market value before casualty is $17,000 while Fair market value after casualty is none. The starting point for the calculation of loss deduction will be based on the fair market value before casualty which is $17,000.

4 0
3 years ago
If a U.S. firm desires to avoid the risk from exchange rate fluctuations, and it is receiving 100,000 in 90 days, it could:_____
ivolga24 [154]

A 90-day forward-sale purchase contract will help to reduce or eliminate the risk facing the U.S. Firm.

<h3>What is a Forward sale Contract?</h3>

This refers to a special contract between two parties to purchase or sell an asset at an agreed price on a future date.

The fact that the price has been set and agreed upon protects the parties from fluctuations, which in this case, is exchange rate risks.

The correct answer, thus, is A.

See the link below for more about Forward-sale contract:

brainly.com/question/14862085


6 0
2 years ago
Chi-Ling thought it would be best to put Connor in charge of making decisions for the accounting team and Manami in charge of ma
Dmitry_Shevchenko [17]

The aspect of analyzing teamwork is Chi-Ling using is authority differentiation. Thus the option 3rd is correct.  

<h3 /><h3>What is Authority?</h3>

Authority refers to the power access by the individual or the government over the others. The authoritative person can make the decisions regarding the various sectors and make his subordinates to work in his accord.

The Chi ling has divided the work of the accounting and marketing between his employees and made the head of the  department. Thus this concept of analyzing the teamwork is known as authority differentiation.

The authority of the both the employees Connor and Manami is well defines they both will looking after their filed and are free to take decisions on their department.

Learn more about teamwork here:

brainly.com/question/18869410

#SPJ1

5 0
2 years ago
______ helps managers understand work flow, select the best applicants for jobs, improve employees' job performance, and ensure
Amiraneli [1.4K]

Managers need to understand the possible dangers associated with a job to ensure work is being done safely. Understanding job requirements is critical to making intelligent hiring decisions.

<h3>What is Managers?</h3>

A manager is a qualified someone who leads an organization and oversees a group of workers. Managers frequently oversee a certain department within their organization. There are many different kinds of managers, but they typically have responsibilities including making decisions and conducting performance reviews.

A manager is responsible for tasks like staffing, directing, controlling, and planning. All of these tasks are crucial for successfully managing an organization and accomplishing corporate goals. Setting goals and developing techniques for synchronizing activities both involve planning.

A business manager is responsible for managing and directing the activities and personnel of a company. They carry out a variety of duties, such as implementing business strategy, assessing business performance, and managing staff, to ensure the productivity and efficiency of the company.

to know more follow Managers the link:

brainly.com/question/24553900

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8 0
1 year ago
Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%
Sindrei [870]

Answer:

She lost $754.05.

Explanation:

Giving the following information:

Liz Mulig earns 52,000 per year as a philosophy professor. She receives a raise of 2.5% in a year in which CPI increases by 3.8%.

<u>The rise in her salary allows her to increase her purchasing power. On the contrary, inflation decreases purchasing power. We need to calculate the differences between both effects and determine whether she can buy more or less.</u>

<u></u>

Increase in salary= 52,000*1.025= $53,300

Inflation effect= 52,000/(1-0.038)= $54,054.05

To maintain her purchasing power, now, she needs to earn $54,054.05.

She lost $754.05.

6 0
3 years ago
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