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n200080 [17]
3 years ago
9

The advantage of being self-employed (rather than being an employee) is: A. The overall limitation (50%) on meals does not apply

. B. Job-related expenses are deductions for AGI. C. The self-employment tax is lower than the Social Security tax. D. To avoid the self-employment tax. E. All of the self-employment tax deductible for income tax purposes.
Business
1 answer:
Vladimir79 [104]3 years ago
3 0

Answer:

B.  Job-related expenses are deductions for AGI.

Explanation:

A person is said to be self-employed if he is working for oneself rather than for an employer as a freelancer or the owner of a business.

Adjusted gross income (AGI) refers to the measure of income calculated from your gross income. AGI is used to determine the amount of tax.

The advantage of being self-employed (rather than being an employee) is j<u>ob-related expenses are deductions for AGI.</u>

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Assume you have a brand new baby today. You plan to make 18 $1,000 annual deposits in her college savings account, starting on h
aleksley [76]

Answer:

After her 18th birthday the balance will be $41,301

Explanation:

Balance right after the 18th birthday is calculated using the formula for future value of annuity

FV = PMT \times \frac{(1+i)^{n}-1}{i}

Annual payment PMT = 1,000

Interest rate i = 0.09

Deposits are made for 18 years: n = 18

The balance in her account will then be:

FV = 1,000 * ( 1.09^18 - 1 ) / 0.09

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7 0
3 years ago
An individual is planning to set-up an education fund for her daughter. She plans to invest $7,700 annually at the end of each y
daser333 [38]

Answer:

$96,154.20

Explanation:

We are to find the future value of the annuity

The formula for calculating future value = A (B / r)

B = [(1 + r)^n] - 1  

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R = interest rate  

N = number of years

[(1.08)^9 - 1 ] / 0.08 = 12.487558

12.487558 x $7,700 = $96,154.20

4 0
3 years ago
In the market for beef, the price of a pound of beef falls Explain the effect of this event on the quantity of beef supplied and
Lera25 [3.4K]

Answer:

E. The quantity of beef supplied decreases and the supply of beef is unchanged.

Explanation:

In the market for beef, the price of a pound of beef falls. The effect is "the quantity of beef supplied decreases and the supply of beef is <u>unchanged</u>. The reason is that any price change of the product will not shift the demand or supply but changes the quantity supplied.

5 0
3 years ago
Decision alternatives:_______
LenaWriter [7]

Answer:

The correct answer is letter "A": should be identified before decision criteria are established.

Explanation:

Decision criteria represent the set of steps individuals take while making a decision. Before taking a decision and selecting decision criteria, the decision alternatives must be outlined. Thanks to these alternatives a problematic situation will be resolved.

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3 years ago
Suppose you used the Copy and then the Paste command to copy the contents of cells A1 to cell B1,
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Answer:

Click paste without formatting

Explanation:

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3 years ago
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