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Gre4nikov [31]
3 years ago
6

$10,000 of profit from a sole proprietorship in 2020. If he also has $140,000 of salary income, how much self-employment tax wil

l he owe
Business
1 answer:
Nady [450]3 years ago
5 0

Answer:

268 dollars

Explanation:

Profit made by this sole proprietor = 10000

Salary income = 140000

The question needs us to calculate the self employment tax that he owes

This tax is about 2.9% of 92.35% of his income. His salary is already more than social security maximum of 128,700.

The, self-employment tax would be = 10,000 x 92.35% x 2.9%

= 267.815

When approximated

= $268

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What is the payback period for the cash flows?

The time frame needed for a project's financial inflows to more than equal its initial cash outlay is known as the payback period. This formula is helpful for risk reduction analysis since a project that produces a return quickly is less hazardous than one that produces the same return over a longer time frame.

Does positive cash flow mean profit?

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2 years ago
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6 0
4 years ago
Now we have country E, an emerging country. Country E starts off with a GDP per capita of $4,000, and is experiencing a GDP per
swat32

Answer:

6 years

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Rule of 72 = 72 / GDP per capita growth rate

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I hope my answer helps you

5 0
3 years ago
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