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Paladinen [302]
2 years ago
12

In 2020, Miranda records net earnings from self-employment of $193,800. She has no other gross income. Determine the amount of M

iranda's self-employment tax and her for AGI income tax deduction. In your computations round all amounts to two decimal places. Round your final answers to the nearest dollar.
Business
1 answer:
lozanna [386]2 years ago
8 0

Answer:

the self employment tax on 92.35% of your net income as self employed by 15.3% = $193,800 x 92.35% = $178,974.30

Miranda will pay social security (OASDI) taxes for the first $137,700 = $137,700 x 6.2% x 2 = $17,074.80

Her Medicare taxes will be calculated using $178,974.30 x 1.45% x 2 = $5,190.25

total self employment taxes = $17,074.80 + $5,190.25 = $22,265.05

Miranda can deduct 50% of her self employment taxes from her AGI = $22,265 x 50% = $11,132.50 ≈ $11,133

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If A, B, and C are three activities connected with SS and FF (combination) relationships with 2-day lag on the SS relationships
damaskus [11]

Answer:

22 days

Explanation:

number of activities : 3 ( A,B,C)

connected via : SS and FF combination.  days lag on SS and F = 2

Durations : 5,10 and 3

A and B is connected by SS and there is a 2-day lag on the SS connection, this means that B will start 2 days after A have ended

i.e when T = 0 , B will start : 5 +2 = 7 days and end in 17 days

while B and C is connected by FF and there is also a 2-day lag on the FF connection, this means that C will start after B has ended and end in 2 days

i.e when B ends at 17 days ; C starts = 17 + 2 = 19 DAYS

hence the project will end in 19 + 3 = 22 days ( i.e when C ends )

7 0
3 years ago
You wish to earn a return of 11% on each of two stocks, A and B. Stock A is expected to pay a dividend of $3 in the upcoming yea
Anarel [89]

Answer:

The intrinsic value of A -$44.57 is higher than that of B- $ 29.71

Explanation:

<em>The intrinsic value is the present value of he expected future dividend discounted at he required rate of return.</em>

<em>So, we would work out the intrinsic value of the two stocks using the the formula below:</em>

Intrinsic value  = D× (1+r)/(k-g)

Intrinsic value of stock A

D-3, r-11%, g-4%

= 3 ×(1.04)/(0.11-0.04)

=$44.57

Intrinsic value of stock B

D-2, r-11%, g-4%

= 2 ×(1.04)/(0.11-0.04)

= $29.71

6 0
2 years ago
You are an owner of a car wash, and you meet with other neighborhood car wash owners. Consider that trips through the car wash a
exis [7]

Answer:A ,E and F

Explanation:

6 0
3 years ago
Jane Simpson rates low on conscientiousness. Which of the following statements is most likely to be true about Jane?
Pachacha [2.7K]

Answer: d. She will be easily distracted.

Explanation:

When one is said to be conscientious, it means that they are very dedicated to their duty. They value their duty and they want to do it well. A conscientious person is focused on their duty with the aim of fulfilling it to the best of their ability and so are reliable and trustworthy.

If a person is said to be low in conscientiousness, it means that they do not value their duty as well as they should and like Jane Simpson can get easily distracted from said duty.

7 0
3 years ago
Concord uses the periodic inventory system. For the current month, the beginning inventory consisted of 7400 units that cost $10
Mars2501 [29]

Answer:

$109,250

Explanation:

FIFO assumes that the units to arrive first, will be sold first. Therefore, inventory valuation is based on later or recent prices.

Step 1 : units in ending inventory

Ending Inventory =  units available for sale - units sold

                             =  9,500

Step 2 : inventory value

Ending Inventory = 9,500 x $11.50 = $109,250

8 0
3 years ago
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