There are multiple, but the main one would be income tax, because the government will take money from your paycheck, which is money you earn, hope this helps!
Answer:
75,000
Explanation:
300,000-50,000 = 250000*6%*5
Answer:
c. is valid and enforceable
Explanation:
In business, this is called a Non-Compete Clause.
Non-Compete Clause can prevent a certain individual or organization to compete with another business , as long as both parties con sensually sign the agreement.
Typically, Non-Compete clause is required after all the parties involved have some sort of affiliation toward one another/
<u>for example:</u>
1. One party just bought the business from another party.
2. One party is an ex-members/ex-employees of another party. Making them know internal secrets of that other party.
True, because you don't everyone good at the same thing. For example, if you want to make a car, you don't want everyone to just know how to build doors.
Answer:
From 2018, there is a threshold limit of $250,000 defined by IRS for single:
(a) Tim has an excess business loss:
= Business loss - Threshold
= $350,000 - $250,000
= $100,000
(b) Tim may use $250,000 of the $350,000 LLC business loss to offset non business income.
The excess business loss is treated as the portion of the Tim's NOL carry forward.
Excess business loss of $100,000 will be treated as the NOL carryforward to subsequent years.
