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Amanda [17]
4 years ago
8

The only income Ramon needs to report on his Schedule C is his income from Form 1099-K, Payment Card and Third Party Network Tra

nsactions.
Business
1 answer:
ad-work [718]4 years ago
8 0

Answer:

False

Explanation:

Ramon is a sole proprietor and he has the right to take the profits from his business after conducting all the necessary tax deduction. Therefore, on the Schedule C Report, he can also document the income/profit he made after removing the self employment tax. He doesn't need to document the income from the payment card and other sources of income.

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Today we see a very low unemployment rate with a controlled and acceptable inflation rate. Which of the following statements cou
serious [3.7K]

Answer:

A. All of these 3 other possible answers that are listed here are true reasons.

Explanation:

If we are to use wage the rate of change in wages or inflation, as a proxy for inflation in the economy, when there is unemployment, the number of persons searching for work is significantly greater than the number of jobs available for the people who are unemployed. What we mean is, the supply of labor is greater than the demand for it.

With the availability of many workers, there's little need for employers to "bid" for the services of employees by paying them good wages.

7 0
3 years ago
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What are sources of income that can be used for debt service on municipal revenue bonds?
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Answer:

Municipal Revenue bonds are bonds that are serviced from the income accrued from a project that the bond was used to embark on.

They can therefore be serviced by a variety of income methods that accrue from the projects such as;

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  • Special taxes
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3 0
3 years ago
Net requirements for component J are as follows: 60 units in week 2, 40 units in week 3, and 60 units in week 5. If a fixed-peri
agasfer [191]

Answer:

e. none of the choices.

Explanation:

Based on the scenario being described within the question it can be said that  none of the choices are correct because this method focuses on obtaining an order quantity by fixing the quantity for a certain period of time, and calculating the total quantity of Net Requirements within the period. Therefore since the first week and week 4 are missing then none of these are correct, and since the information is not provided by choice answer d. is wrong too.

3 0
3 years ago
Andrea owed $12,000 on a medical bill to University Hospital. The hospital agreed to discharge the debt due to Andrea's financia
alexandr402 [8]

Answer:

$7,000

Explanation:

Data provided in the question:

Amount owed by Andrea on a medical bill to university hospital = $12,000

Amount by  which the Andrea's debt exceeded her assets = $5,000

Now,

The debt forgiveness that Andrea will need to include in her gross income will be

= Amount owed on a medical bill - The amount by which debt exceeded assets

= $12,000 - $5,000

= $7,000

8 0
4 years ago
Securing a mortgage from a bank for a new business venture is an example of:
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<span>This is an example of the financing portion of a business model. There are a few ways for a business to obtain the capital needed to open the doors and start their business. Loans or debt is one of the ways that is usually sought when attempting to start a business, this is classified as a liability on the balance sheet. Another way a business can secure money for a business is through equity, this is done through money from the owners pockets, or other partners that want a stake in the ownership of the business. This is shown as stockholder's equity on the balance sheet.</span>
6 0
3 years ago
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