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Iteru [2.4K]
3 years ago
12

Challenges of self-employment.Explain in paragraph.

Business
1 answer:
rosijanka [135]3 years ago
8 0
Self employment is challenging for a number of reasons. From an accountability standpoint, you have nobody to answer to but yourself - but you also don't have anyone pushing you but yourself. From a financial standpoint, you are now responsible for many things that a traditional employer would handle (health insurance, taxes, retirement, etc). And while you are managing all of the logostical angles, you still need to manage to run your actual business.
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The primary responsibility for fair and accurate financial reporting rests with the:
Nikitich [7]

Answer:

The correct answer is (D)

Explanation:

Financial reporting is a complex task which requires an expert to handle them accurately. Companies make many changes in the real data to slip from government taxes and they usually report losses. Auditors are the one responsible to find discrepancies in the financial reporting. So, the primary responsibility rests with the auditors for accurate financial reporting.

5 0
3 years ago
What should you do when planning for college?
Vsevolod [243]

Answer:

a way to get a large amout of money (legally) to pay off the debt

more money for a place to live

and even more money to get food and other impoartant things to live

Explanation:

an alternative to stocks, but school never taught you what stocks are, so now get more money to buy a phone so u can have basic knowlede

and illegal alternative is to sell something adictive like drugs, cigs. or start a casino or scam pp, for money, or rob a bank

7 0
2 years ago
During the current year, Walter invests $35,000 in each of two separate corporations. Each investment gives him a 20% ownership
Bond [772]

Answer:

B) Only statement II is correct.

  • II. Has $20,000 of taxable income from Corporation Z.

Explanation:

One of the disadvantages of a C Corporation is that their owners (stockholders) are double taxed. That means that the corporation is taxed and then the stockholders are taxed depending on the dividends that they receive. In this case, Walter has $10,000 of taxable income from Corporation X (= $50,000 x 20%).

On the other hand, sole proprietorships, partnerships, limited liability companies and S Corporations are not taxed, they are pass through entities whose owners are taxed directly. In this case, Walter owns 20% of Corporation Z, therefore he must pay taxes on 20% of taxable income = $100,000 x 20% = $20,000.

8 0
3 years ago
Smart lites is a company that manufactures lighting products for industrial businesses. the managers at smart lites want to incr
nexus9112 [7]

The correct answer in the space provided is the total quality management. The total quality management is where it is responsible for causing an improvement in regards of improving the ability of an organization or group in a way of delivering their services or products to their consumers.

5 0
3 years ago
The Sherman Antitrust Act A. was concerned with self-interest dominated Nash equilibriums in prisoners' dilemma games. B. restri
dolphi86 [110]

Answer:

B. restricted the ability of competitors to engage in cooperative agreements

Explanation:

The Sherman Antitrust Act of 1890 is a US legislation that regulates the level of competition that exists among businesses. It was passed by the Congress when Benjamin Harrison was president. This act is aimed at protecting trade and commerce from illegal restraints and monopolies. It was enacted by the 51st Congress of the United States. This act was introduced by John Sherman in the senate house.

8 0
3 years ago
Read 2 more answers
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