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Deffense [45]
3 years ago
13

Sandy is a single taxpayer who collected Social Security benefits of $22,000. The Social Security benefits were her only income

for the tax year. What is the amount of taxes she will owe when she files her income tax return
Business
1 answer:
butalik [34]3 years ago
8 0

Answer: $0

Explanation:

A tax is a levy that's being paid to the government which is basically used to improve the economy and provide necessary infrastructural facilities.

Once an individual has an income that's less than $25,000, social security won't be taxed. In this scenario, Sandy has an income of $22000, therefore she won't be taxed.

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Concentration ratios measure the Group of answer choices geographic location of the largest corporations in each industry. degre
nika2105 [10]

Answer:

percentage of total industry sales accounted for by the largest firms in the industry.

Explanation:

The concentration ratio calculated the market share percentage for an industry and the same is held by the larger firms inside the industry. Also it determined the total output that could be generated from the number of firms in the industry

Therefore as per the given options, the above options should be considered correct

3 0
3 years ago
A legal arrangement where two or more people share ownership of a business is called a ______. A. Corporation b. Sole proprietor
liubo4ka [24]

The correct statement is that a legal arrangement where two or more people share ownership of a business is called a partnership. So, the correct option is C.

A partnership may be started by two individuals with an intention to share the profits and losses of such business in a predetermined proportion.

<h3>Partnership Firm </h3>

A partnership firm is a form of business organization where at least two individuals put their resources and carry a legal business.

The individuals of a partnership firm are collectively known as partners, where they tend to share the profits and losses proportionately to their capital invested.

There exists vicarious liability among the partners, which means that all the partners are liable for the acts of one or more partner as per the legal contract.

A partnership firm may be terminated by lapse of time, dispute between the partners, dissolution, insolvency, but has a perpetual succession.

Hence, the correct option is C that legal arrangement where two or more people share ownership of a business is called a <u>partnership. </u>

<u></u>

Learn more about partnership firm here:

brainly.com/question/6346527

6 0
2 years ago
Why is the accrual-based income statement superior to a cash-based income statements in measuring profitability? (Select all tha
Leno4ka [110]

The accrual-based income statement superior to a cash-based income statements in measuring profitability because It reports the expenses incurred in generating the revenues regardless of when the cash was paid.

What distinguishes the accrual basis of accounting from the cash basis of accounting?

When money is received or spent, it is recorded as revenue using the cash foundation of accounting. When using the accrual basis of accounting, revenues are recorded as they are earned and expenses as they are incurred.

What is an income statement with an accrual basis?

Accounting on an accrual system records revenue and corresponding costs as they are incurred, rather than when money is exchanged. Accordingly, businesses report revenue when it is earned rather than when it is received.

To know more about Income Statement Visit

<u>brainly.com/question/14326095</u>

#SPJ4

3 0
1 year ago
Somebody knows about KEIRETSU???
Yuri [45]
Kei·ret·su
kāˈretso͞o/
noun
(in Japan) a conglomeration of businesses linked together by cross-shareholdings to form a robust corporate structure.
6 0
3 years ago
Which of the following terms refers to the development of individual offerings that appeal to different market segments while re
erma4kov [3.2K]

Answer:

You have not given any options to chose from but seemingly the answer is Line Extension.

This happens when a company introduces additional items in the same product category under the same brand name such as new flavors, forms, colors, added ingredients, package sizes, etc..

Explanation:

7 0
3 years ago
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