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Amanda [17]
3 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]3 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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What term refers to the business model of selling goods online through an Internet store site?
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It would be B.) E-commerce this term is used to describe buying and selling products online.
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3 years ago
How many times did Donald trump declare bankruptcy
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6 times

Explanation:

According to Google

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2 years ago
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Which would you rather be owning if there is a decline in market interest rates: long-term bonds or short-term bonds? why?
Thepotemich [5.8K]

Long-term bonds are preferable to hold if interest rates decrease because their price will rise more than the price of short-term bonds, providing a bigger return. Long-term bonds, however, are more susceptible to interest-rate risk. In addition, the longevity of the bonds, not only their term to maturity, is a major factor.

<h3>What are short-term bonds?</h3>

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3 0
2 years ago
Addison Corporation is considering the purchase of equipment that would increase sales revenues by $250,000 per year and cash op
yaroslaw [1]

Answer:

17.5%

Explanation:

depreciation = 400,000 / 5 = 80,000

return = $250,000 - %100,000 - $80,000 = 70,000

70,000 / 250,000 =

6 0
3 years ago
Rodarta Corporation applies manufacturing overhead to products on the basis of standard machine-hours. The company's predetermin
marta [7]

Answer:

$357 Unfavorable

Explanation:

Fixed manufacturing overhead volume variance identifies the amount by which actual production differs from budgeted production.

<em>Fixed manufacturing overhead volume variance = Actual Output at Budgeted rate - Budgeted Fixed Overheads</em>

                                                                  = (5,230 × $5.10) - ($5.10 × 5,300)

                                                                   = $26,673 - $27,030

                                                                   = $357 Unfavorable

7 0
3 years ago
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