Answer: $36,000
Explanation:
When paying Income Tax, Reverend Isaiah will be allowed to deduct the money designated as rental allowance to pay utilities but when it comes to Self-employment taxes, he must include the entire salary he receives.
This means that the Reverend will have to include his entire annual salary of $36,000 when working out his Self-employment tax.
The factor that determines the goods and the services that are produced by a country is the wants of the citizens.
<h3>What is want in economics?</h3>
This is a term that has to do with the goods and services that are desired by the people of a nation.
The wants of the people are satisfied using the available resources that are in the economy.
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<span>Any differences in future development of monozygotic twins can be attributed only to "environmental factors".
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<span>Twins can be either monozygotic or dizygotic. monozygotic refers to the identical twins which means that they develop from one zygote, which splits and forms two embryos. And dizygotic refers to fraternal twins, which means that they develop from two different eggs. In fraternal twins, each twin is fertilized by its own sperm cell.</span>
Answer:
see below
Explanation:
1. An entrepreneur is the business founder. He or she conceives the business ideas and focuses on growing it. An investor considers existing business formed by the entrepreneur and focuses on its financial/commercial side.
2. The entrepreneur approaches an investor to finance the business. He draws a business plan and proposals to assure the investor of its viability. The investor approaches an entrepreneur if he is convinced of profits.
3. The entrepreneur manages the business but may also invest in it. An investor only puts money in the business but is not involved in managing it.
Gross income is the income before taxes and deductions
Net income on the other hand is the income after taxes and deductions and credits are factored into gross income. This is the reason why net income is lower than gross income. Gross income = net income + taxes