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
docker41 [41]
2 years ago
14

Eva received $55,000 in compensation payments from JAZZ Corp. during 2018. Eva incurred $7,000 in business expenses relating to

her work for JAZZ Corp. JAZZ did not reimburse Eva for any of these expenses. Eva is single and she deducts a standard deduction of $12,000. Based on these facts answer the following questions:a. Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year? (Round your final answer to the nearest whole dollar amount.)b. Assume that Eva is considered to be an employee. What is her regular income tax liability for the year? (Round your final answer to 2 decimal places.)c. Assume that Eva is considered to be a self-employed contractor. What is her self-employment tax liability and additional Medicare tax liability for the year? (Round your intermediate computations & final answer to the nearest whole dollar amount. Leave no answer blank. Enter zero if applicable.)d. Assume that Eva is considered to be a self-employed contractor. What is her regular tax liability for the year?

Business
1 answer:
larisa [96]2 years ago
3 0

Answer:

A. $4200

B. $7,599.20

C. $6,782

D. $3,113

Explanation:see attached file

You might be interested in
Name one way that a debit card and a credit card are different.
kirza4 [7]

Answer:

Explanation:

Debit cards typically pull funds from a checking account, while credit cards charge purchases using a line of credit. With a debit card, you're spending money from your own funds. Use a credit card and you're borrowing the money and eventually will have to pay it back to the card issuer, perhaps including interest.

6 0
3 years ago
Read 2 more answers
On December 31, 20X5, Day Co. leased a new machine from Parr with the following pertinent information: Lease term 6 years Annual
ki77a [65]

Answer: $230,500

Explanation:

Based on the information given, to solve the question, we will use the interest rate of 12%. Since the present value factors have already been given, the lease liability to be recorded will then be:

= 50,000 × PV at 12%

= 50000 × 4.61

= $230,500

Therefore, At the beginning of the lease term, Day should record a lease liability of $230,500.

6 0
2 years ago
The main functions of human resource management can be categorized into ... A. Line function, management functions, and employee
babymother [125]

Answer:

C. Staff functions, line functions, and coordination functions

Explanation:

Human resource management functions may be classed into : line functions which involves the segment charged with the transition of an organization directly into its daily operational activities such as production, selling marketing and other customer service activities. The Staff functions of the human resource Management refers to advisory support on various activities of the organization which has to do with staffing, recruitment.

Coordination function involves the implementation of strategies which ensures synergy between various departments ensuring the adopting of best strategy to ensure maximum output.

5 0
2 years ago
Your apartment gets robbed, and $1,560 worth of your belongings are gone. You have renter's insurance to cover the loss, but you
Rom4ik [11]
1060 dollars that how much you will have to pay
5 0
2 years ago
Lesson 2
natali 33 [55]

Answer:

1) Taxes are compulsory financial charges levied upon taxpayers by government entities in order to fund their activities.

2) The IRS is the government agency responsible for collecting federal taxes and enforcing federal tax law.

3) Capital gains taxes are taxes levied upon the profit resulting from the sale of non inventory assets (e.g. land, house, stocks, etc.)

4) Two examples of state taxes are: corporate state taxes and real property taxes.

5) A pay stub or a pay slip is a document that itemizes what an employer pays to its employee. It includes the salary minus the deductions made.

4 0
3 years ago
Other questions:
  • A company CEO created an ethics policy, made ethical training mandatory and installed feedback systems for ethics violation. Whe
    13·1 answer
  • You are given an investment to analyze. the cash flows from this investment are end of year 1. $19,340 2. $2,280 3. $26,600 4. $
    8·1 answer
  • Which of the following statements is true of labor cost flows associated with a job-order costing? a.They reflect only indirect
    15·1 answer
  • Wire rope rigging equipment slings must have the ability to bend without cracking, withstand abrasive wear, and withstand abuse.
    12·2 answers
  • Suppose that a firm has purchased some land for $1,250,000 a year ago to develop a new outlet, and the land now would sell $2,00
    12·1 answer
  • Brookman Inc.’s latest EPS was $2.75, its book value per share was $22.75, it had 315,000 shares outstanding, and its debt/total
    13·1 answer
  • 4. Consumption as a component of GDP refers to the expenditure of A. banks. B. household. C. producers. D. government.
    10·1 answer
  • Classify the customer buying motive as rational or emotional.
    10·2 answers
  • Peyton’s Palace has net income of $15 million on sales revenue of $130 million. Total assets were $96 million at the beginning o
    12·1 answer
  • The Duerr Company manufactures a single product. All raw materials used are traceable to specific units of product. Current info
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!