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ExtremeBDS [4]
2 years ago
14

Yolanda (41), a freelance photographer, reports a net profit of $50,000 on Schedule C, Profit or Loss from Business. This is her

only income. How much is Yolanda's self-employment tax
Business
1 answer:
AleksandrR [38]2 years ago
6 0

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

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Compute the Z-scores for the second observation of the following data values: X: 462 490 350 294 574
skelet666 [1.2K]

Answer:

0.5

Explanation:

Zscore = (x - mean) / standard deviation

Given the data:

X : 462 490 350 294 574

The second observation = 490

The mean and standard deviation of the data could be obtained using a calculator :

Mean = 434

standard deviation = 112

ZSCORE = (490 - 434) / 112

ZSCORE = 56 / 112

ZSCORE = 0.5

8 0
2 years ago
# 8 & # 9 please .. I appreciate it
KatRina [158]
#8 is C. Unfortunately I do not know #9.
6 0
3 years ago
A company purchases a remote building site for computer operations. The building will be suitable for operations after some expe
vaieri [72.5K]

Answer:

True Statements are:

B, C, D

Explanation:

All the capital cost incurred for an asset acquisition is added to the cost of capital asset.

The cost of capital asset here will include the following,

Replacement of wiring will not form part of cost of building, as is associated with fittings and computers, so either it will be clubbed in furniture and fittings or computers,

Replacement of roof is a part of building and shall be added to cost of building.

Painting, plumbing etc: will not form part of cost of building, as will be added to revenue expenditure and not the capital expenditure.

Thus with the above clarification of nature of expense, Statement B, C, and D are true.

3 0
2 years ago
__________ contracts are called __________ because no formalities are required in making them
vitfil [10]
The answer to this question is Simple;informal
Simple contracts usually will be used if the transaction happens in small scale (it held small amount of value)
Which means that both parties either believe in one another or they simply do not care enough about the contract to care about the legal precautions.
3 0
2 years ago
When banks provide information about savings accounts, they typically quote the interest rates they offer (e.g. 1%) on a...
ra1l [238]

Answer:

D. Annual basis

Explanation:

Banks and other financial institutions typically quote interest rates that they pay for deposits on an annual basis. This is to say, the quote the effective rate that is compounded annually, even if the interest is paid monthly, daily, quaterly, or semi-annually.

6 0
3 years ago
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