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
Cerrena [4.2K]
3 years ago
8

Estelle is a recent accounting graduate, and while she likes the idea raised by her fellow graduate Fernando to set up business

in a partnership together, she has always wanted to go into business for herself. Before Estelle makes a decision, her instructor tells her it would be a good idea to consider the effect of different tax structures on each type of business, just in case she favors one situation more than the other. Compare and contrast how partnerships and sole proprietorships differ in terms of their tax requirements.
Sanjay was recently alerted to the fact that his business will be audited by the IRS. What are some possible causes for Sanjay’s business being selected for audit? What will this audit likely entail? How can Sanjay prepare?

After getting his first paycheck, Marlon is incredulous at the amount of money that goes to FICA. “Who in the world is FICA?” he asks his mother. How does she reply?

Eloise has exactly $300 to spend on an airline ticket. Assuming that she will need to pay the passenger ticket tax, the passenger facility charge, and the Sept. 11th fee, what is the maximum base ticket price Eloise can still afford to pay, knowing that she has all these additional fees and taxes to pay? Explain.

Sloan has always been pretty lax about preparing her taxes, and she doesn't pay too much attention to the rules. However, after taking a class on tax fraud, she is a bit concerned that some of the information in her past tax returns may be questionable. Sloan should only be worried about tax fraud if she’s made certain mistakes in the past. What kind of mistakes should Sloan be concerned about? Explain.
Business
1 answer:
serious [3.7K]3 years ago
3 0
#2 should be $250 not including taxes and fees
You might be interested in
At December 31, Amy Jo's Appliances had account balances in Accounts Receivable of $314,000 and in Allowance for Uncollectible A
Alex787 [66]

Answer:

$11,750

Explanation:

The computation of bad debt is shown below:-

Bad debt expense = Estimated allowance for uncollectible at the year end - Existing balance in allowance for uncollectible account credit balance

= ($314,000 × 4%) - $810

= $12,560 - $810

= $11,750

Therefore for computing the bad debt expenses we simply applied the above formula.

8 0
3 years ago
Blue Angel Investors has a success ratio of 10 % with its venture funding. Blue Angel requires a rate of return of 19.1 % for it
Talja [164]

Answer:

19.10%

Explanation:

The computation of annual percentage rate is shown below:-

Your loan rate states if one out of ten succeeds, after five years, so the nine failure will cover, and if the Blue Angel makes 10 loans of $168,000 each and needs a return of 19.1% on its portfolio of lending, then given amount will have to be accrued after five years.

= Value × (1 + interest rate)^number of years

= $168,000 × (1 + 0.191)^5

= $168,000 × 2.396397222

= $402,594.73

Now the annual percentage rate is

= (Future value  ÷ value)^1 ÷ number of years - 1

= ($402,594.73 ÷ $168,000)^1÷5 - 1

= 19.09999981

or

= 19.10%

3 0
3 years ago
Which of the following does NOT describe the front-end business practices of firms that respect the strategic roles of purchasin
Blababa [14]

Answer:

b. Creativity does not require discipline.

Explanation:

Front end business practice is the strategy to develop and progress business activities from customer perspective. It focusses on customer demand and then products are customized according to customer needs. Marketing efforts are placed to inform customers about the different features of the product.

6 0
3 years ago
find the nominal annual rate of interest compounded monthly if $1200 accumulates to $1618.62 in years
Gwar [14]

Answer:

Nominal annual rate of interest(r) = 2.5% (Approx)

Explanation:

Given:

Present value (P) = $1,200

Future value (F) = $1,618.62.

Number of year = 1year = 12 months

Find:

Nominal annual rate of interest(r)

Computation:

Nominal annual rate of interest(r) = \sqrt[12]{\frac{1,618.62}{1,200} }-1

Nominal annual rate of interest(r) = \sqrt[12]{1.34885}-1

Nominal annual rate of interest(r) = 0.02525

Nominal annual rate of interest(r) = 2.5% (Approx)

7 0
3 years ago
All of the following statements concerning the characteristics of aggregate planning for services is true except
Sholpan [36]

Answer:  D. Capacity is easy to predict

Explanation:

Aggregate planning for services involves organising the business areas of companies engaging in service provision or operation companies that also provide a service.

It is generally held that demand is difficult to predict and most services can be inventoried. It is also held that labor is the most constraining resource.

However, capacity in aggregate planning for services is not easy to predict. This is because services are not standadized and are instead varied and mostly unique. Therefore knowing the capacity to give to a service becomes hard to predict.

5 0
3 years ago
Other questions:
  • Perpetual Inventory Using LIFOBeginning inventory, purchases, and sales data for prepaid cell phones for May are as follows:Inve
    11·1 answer
  • Quantitative Problem 1: Assume today is December 31, 2017. Barrington Industries expects that its 2018 after-tax operating incom
    9·1 answer
  • Adam Kane wants to sell office supplies to as many customers as possible, in as many markets as possible His plan is
    9·2 answers
  • basic commodities such as farm goods are bought and sold in which market structure? a. perfect competition b. monopoly c. oligop
    15·1 answer
  • QUESTION 11 Given the following information, calculate the equity dividend rate for this investment: first-year NOI: $18,750; be
    12·1 answer
  • A private investment club has $300,000 earmarked for investment in stocks. To arrive at an acceptable overall level of risk, the
    6·1 answer
  • Farrick and Kenley want to form a business in which they invest money in exchange for stock ownership in their organization. Wha
    15·1 answer
  • Sox Corporation purchased a 30% interest in Hack Corporation for $1,825,000 on January 1, 2021. On November 1, 2021, Hack declar
    9·1 answer
  • The time for one rotation of the Moon is 27.3 days. What is the time revolution for the Moon?
    5·2 answers
  • ________ firm engages in trade and marketing in different countries as an extension of the marketing strategy in its home countr
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!