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viktelen [127]
2 years ago
8

What does the IRS require to determine if a person is truly acting as an independent contractor and not an employee

Business
1 answer:
dimulka [17.4K]2 years ago
5 0

Answer:

1099

Explanation:

You might be interested in
If Quail Company invests $50,000 today, it can expect to receive $10,000 at the end of each year for the next seven years, plus
nikitadnepr [17]

Answer:

Net Present Value = $1,762.95

Explanation:

Equal payments made at the end of each year implies that the cash inflows from year 1 to 7 form an annuity where:

PVof An Ordinary Annuity= \frac{PMT[1-(1+i)^{-n} ] }{i}

where PMT is the the equal payment cash inflow received at the end of each period  and

\frac{[1-(1+i)^{-n} ] }{i} = The present value of an annuity factor for n years at i%

The present value of an annuity factor for 7 years at 10% equals

\frac{[1-(1+0.1)^{-7} ] }{0.1}=4.8684

therefore: Net Present value of this investment given a 10% return o investments equals

-50,000+10,000*4.8684+\frac{6,000}{1.1^7}=1,762.95

3 0
3 years ago
Which two of the three financial statements would you find Net Income on?
xxTIMURxx [149]

Answer:

C) Income Statement and Cash Flow Statement

Explanation:

The Income Statement shows a clear separate entry for the Net income which is calculated after all the deductions and additions.

Net Income is the first balance shown on the cash flow statement after which the calculations are carried out to find the flow of cash in and out of the company.

Net income is also shown in the Balance Sheet but not separately but together with retained earnings. It is added to the retained earnings and the amount is shown as a whole amount of retained earnings  or shown as a change in equity.

So best answer is C because the question asked is where would you find Net Income on?

Meaning separately. So it is separately present on Income Statement and Cash Flow Statement.

Otherwise it is present  on all three statements ( on balance sheet as part of retained earnings or equity).

6 0
4 years ago
Describe the target market for your company's product or service
KengaRu [80]

Answer:

somewhere exposed

Explanation:

the target market for a company's product or service should be a place where consumers stay and not an isolated place but instead a place that will catch the eyes of people

3 0
3 years ago
Zephyros Corporation had estimated manufacturing overhead costs for the coming year to be $ 306 comma 000 . The total estimated
chubhunter [2.5K]

Answer:

Estimated manufacturing overhead rate= $38.25 per direct labor hour

Explanation:

Giving the following information:

Zephyros Corporation had estimated manufacturing overhead costs for the coming year to be $306,000. The total estimated direct labor hours for the coming year are 8,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 306,000/8,000= $38.25 per direct labor hour

5 0
4 years ago
A city is spending $20 million on a new sewage system. The expected life of the system is 40 years, and it will have no market v
Gwar [14]

Answer:

−$28,475,000

Explanation:

AW = −$20,000,000 (A/P, 8%, 40) $600,000= −$2,278,000

CW = −$2,278,000 / 0.08

= −$28,475,000

Therefore If the city's MARR is 8% per year, the capitalized worth of the system is

−$28,475,000

5 0
3 years ago
Read 2 more answers
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