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AURORKA [14]
2 years ago
6

Reverend Isaiah receives an annual salary of $36,000 as a full-time minister. This includes $4,000 designated as rental allowanc

e to pay utilities. Rev. Isaiah is not exempt from self-employment tax. How much must he include when figuring net income for self-employment tax
Business
1 answer:
muminat2 years ago
7 0

Answer: $36,000

Explanation:

When paying Income Tax, Reverend Isaiah will be allowed to deduct the money designated as rental allowance to pay utilities but when it comes to Self-employment taxes, he must include the entire salary he receives.

This means that the Reverend will have to include his entire annual salary of $36,000 when working out his Self-employment tax.

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Identity theft is important to be aware of because
Dennis_Churaev [7]

1 it could lead you to legal trouble

2 it could lead to bad credit

3 it could effect you being able to get a credit card to help get your credit back up

5 0
3 years ago
Anne LLC purchased computer equipment (five-year property) on August 29 for $30,000 and used the half-year convention to depreci
notsponge [240]

Answer:

$1,728

Explanation:

To reach maximum depreciation expense we simply first compute the depreciation which is shown below:-

Depreciation = Purchased computer × Depreciation Rate

= $30,000 × 11.52%

= $3,456

Refer to the MACRS Table 1

Maximum depreciation expense = Depreciation × Half year convention

= $3,456 × 50%

= $1,728

Here we considered half year convention of equipment.

6 0
3 years ago
Last year Thomson Inc's earnings per share were $3.50, and its growth rate during the prior 5 years was 11.0% per year. If that
Semmy [17]

Answer:

10.52 years

Explanation:

We can work out the number of years using this relationship

V =P× (1+r)^n

V= tribe valeu  = 3×3.5 = 10.5

r-growth rate -11%

n- number of years- ?

10.5 = 3.5× (1.11)^n

<em>dividing both sides by 1.11^n</em>

1.11^n = 10.5/3.5

<em>taking the log of both sides</em>

n log 1.11 = log 3

n = log 3/log 1.11

n =10.52

5 0
3 years ago
How might reading about a case or hearing about it on TV influence jurors?
NikAS [45]

Answer:

jurors are informed about certain facts prior to hearing them

Explanation:

8 0
2 years ago
if the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the presen
AlekseyPX

if the discount (or interest) rate is positive, the future value of an expected series of payments will always exceed the present value of the same series

True

What is a discount(or interest) rate?

An interest rate is the rate of return the present value of the series can over as an interest over the investment time horizon.

On the premise that the interest rate is positive, it means that there would positive value-added over the investment period which increases the present value to ensure that the future value exceeds the present value

In other words, a positive discount or interest ensures a higher future value

Find out more about future value on:brainly.com/question/24703884

#SPJ1

7 0
2 years ago
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