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DENIUS [597]
3 years ago
7

How would you pay taxes on a earned income?

Business
1 answer:
nasty-shy [4]3 years ago
3 0
You must pay two types of taxes on earned income: Social Security/Medicare taxes (called FICA, OASDI, or payroll taxes) and income taxes. The payroll taxes that are withheld from your paycheck have two components.
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Emily wants to open a chain of hair styling salons and hopes to attract investors to help finance growth. She considered forming
attashe74 [19]

Answer: A Limited liability company

Explanation:

The best option for Emily would be to form a limited liability company, the limited liability company would: still give her a larger control of the business, have little liability on the investors and there would be no double taxing on her.

A limited liability company is a form of business owned by one or more individuals, where there is limited liability, no double taxing therefore no taxing on the company but the owner is taxed by income, income must not necessarily be shared equally among business owners.

7 0
3 years ago
During the months of January and February, Hancock Corporation sold goods to three customers. The sequence of events was as foll
hram777 [196]

Answer:

the net sales for the two months is $2,448

Explanation:

The computation of the net sales for the two months is shown below:

= Sale made on Jan 6 + sale made on Jan 6 + sales made on Feb 28 - discount on sale made on Jan 6

= $1,400 + $690 + $400 - ($1,400 × 3%)

= $2,490 - $42

= $2,448

hence, the  net sales for the two months is $2,448

The same is to be considered

5 0
3 years ago
an economy where more money is being collected than is being allocated or spent is known as what type of economic stance
nlexa [21]

It is known as Contractionary.

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3 years ago
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As a general rule, __________ seems to work best when the consumer target market for the product is alike across countries and c
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The correct answer to fill in the blank is product extension.
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3 years ago
Which of the following is an example of the proper noun a region B Western States see National map
Luden [163]
The answer is 

B) Western States

a proper noun is a person place or thing that has capital letters (Susan, Oklahoma, etc.)
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3 years ago
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