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Mkey [24]
3 years ago
11

Eva received $68,000 in compensation payments from JAZZ Corp. during 2018. Eva incurred $13,500 in business expenses relating to

her work for JAZZ Corp. JAZZ did not reimburse Eva for any of these expenses. Eva is single and she deducts a standard deduction of $12,000. Based on these facts answer the following questions: Use Tax Rate Schedule for reference.
a. Assume that Eva is considered to be an employee. What amount of FICA taxes is she required to pay for the year?
b. Assume that Eva is considered to be an employee. What is her regular income tax liability for the year?
c. Assume that Eva is considered to be a self-employed contractor. What is her self-employment tax liability and additional Medicare tax liability for the year?
Business
1 answer:
navik [9.2K]3 years ago
6 0

I got answer b but you may wanna double check

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In attempting to solve the problems caused by a lowering of the price of oil, oil companies operating in the North Sea have take
goldfiish [28.3K]

Answer: which includes reducing employment, using new technology to be more efficient in pumping oil

Explanation: The question involved a brief explanation of the financial crisis oil companies in the North sea are passing through as a result of falling oil prices. The option I chose, I believe is the best arranged of the list of given options.

4 0
4 years ago
As explained in your textbook, an __________ is a systematic series of actions that leads to a specific result or product. quizl
OLga [1]

The <u>process </u>is a systematic series of actions that leads to a specific result or product.

<h3>What is a Process?</h3>

A process is a set of decisions and actions used to carry out the task. Although we may not be aware of them, processes are present in every sphere of our lives, including work and pleasure. Several instances of

processes may be:

  • breakfast preparation
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  • A work order is written.
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  • changing a car's oil
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<h3>Timing and dependency of a Process</h3>

Awareness of genuine process behavior requires an understanding of timing and interdependence. The submitter only submitted background checks on Tuesday between 3:00 and 3:30 PM throughout the background check procedure outlined above. This implies that it can take up to 7 days for a pending background check to be filed. 14 extra days might be added to the background check procedure by three additional comparable delays. Understanding how actions inside a process are timed is essential to any improvement technique, but it is not made clear by the fundamental description. The framework for describing when a process takes place is not part of the fundamental concept of a process.

Therefore, As explained in your textbook, a <u>Process </u>is a systematic series of actions that leads to a specific result or product.

For more information on Processes, refer to the given link:

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6 0
2 years ago
East Corp. manufactures stereo systems that carry a two-year warranty against defects. Based on past experience, warranty costs
11Alexandr11 [23.1K]

Answer:

$52,500

Explanation:

Warranty cost are the cost associated with the repair or replacement of a product in case it does not perform as intended after purchase.

It is debited to the warranty expenses account and credited to the warranty liability account.

Total sales for the year - $3,000,000

Warranty estimate basis - 4%

Estimated warranty - 3,000,000 * 4% = $120,000

Warranty cost incurred = $67,500

Balance to be recorded for the year = 120,000 -67,500

$52,500

7 0
3 years ago
Which of the following statements is FALSE of consumer dissatisfaction?a. It is a mild emotion that does not create relatively s
Hatshy [7]

Answer:

a. It is a mild emotion that does not create relatively strong behavioral reactions.

Explanation:

The statement that is false is that consumer dissatisfaction it is a mild emotion that does not create relatively strong behavioral reactions as when customers are not happy about a product or service they purchased, they have strong feelings about it because they tend to think that they paid for something that is not what they expected and they can experiment many feelings like anger, sadness and that they were deceived and even robbed which can lead to make claims to the company involved demanding a compensation.

5 0
3 years ago
Suppose that a person's nominal income rises from $10,000 to $12,000 and the consumer price index rises from 100 to 105. The per
Kazeer [188]

Answer:

C) Rise about 15 percent

Explanation:

The computation of the increase or decrease of real income is shown below:

Initial income equals to

= Nominal income ÷ Consumer price index

= $10,000 ÷ 100

= 100

If it increases, then it would be

= Nominal income ÷ Consumer price index

= $12,000 ÷ 105

= 114.28

So, the real income is increased from

= 114.28 - 100

= 14.28 approx i.e 15 percent

8 0
3 years ago
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