Answer:
the self-employment tax is $7,065
Explanation:
The computation of the self-employment tax is given below:
Given that
net profit = $50,000
Now the 92.35% of net profit is $46,175
As it is lower than $128,400
So,
= 15.3% of $46,175
= $7,065
Hence, the self-employment tax is $7,065
Answer:
$ 227,500
Explanation:
given,
total purchase in current year = $ 250,000
Paid freight = $ 4,000
cost to deliver = $7,200
returned made = $ 24,000
Trift took advantage = $ 2,500
inventory = ?
inventory cost = purchases + freight inward - return stock - discount
= $ 250,000 + $ 4,000 - $ 24,000 - $ 2,500
= $ 227,500
the Trift's cost of inventory is equal to $ 227,500
Answer:
The correct answer is A
Explanation:
Delegation is the term in accounting which is defined as the assignment of authority to some another person in order to carry out the particular activities. And the person or individual who delegate the work will remain accountable or responsible for the outcome or result of the work which is delegated.
So, in this case, Ruby need expertise of Katherine in writing a chapter and they signed a contract for the same but if Katherine delegates the work to Dana, then the delegation would not so effective as the duty involve the personal services.
Think about this, our bodies need salt, salt is in almost ALL of our everyday uses. including contact solution, most foods and salt itself, knowing this where would YOU place it?