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vagabundo [1.1K]
2 years ago
13

What is the income threshold for self-employed workers to file a tax return.

Business
1 answer:
Stolb23 [73]2 years ago
6 0

Answer:

$400 or more

Explanation:

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Moorcroft sales are 40% cash and 60% credit. Credit sales are collected 20% in the month of sale, 50% in the month following sal
Oliga [24]

Answer:

The budgeted sales are missing, so I looked for them. I found the following question, hopefully it will be similar:

Month        Sales

April           $300,000

May            $320,000

June           $370,000

Schedule of expected collections

For the month of June, 202x

Cash sales during June = $370,000 x 40% = $148,000

Collection from June's credit sales = $222,000 x 20% = $44,400

Collection from May's credit sales = $192,000 x 50% = $96,000

Collection from April's credit sales = $180,000 x 26% = $46,800

Total cash collections during June = $335,200

4 0
2 years ago
As an outcome for exceptional performance, Jeffery was provided the opportunity to make a highly visible presentation to the boa
Gnom [1K]

Options:

A. Negative

B. Positive

C. Extinction

D. Punishment

Answer:A. Negative

Explanation:Being Nervous is a situation where a person feels or behaves in such a way to that he or she is scared and afraid or a certain situation or at the presence of certain factors or persons, it can also be described as not being angry about a particular action or Activity such as the presentation in the presence of the board of directors.

JEFFREY'S ACTION OF BEING NERVOUS SHOWS THAT HE VIEWS THE PRESERVATION AS A NEGATIVE CONSEQUENCE.

5 0
3 years ago
The follow passage describes how a catalytic converter in a car works. The catalytic converter mostly likely was developed in re
Mashcka [7]

Answer:

Its A

Explanation:

Its A

5 0
2 years ago
Costello Corporation reported pretax book income of $500,900. During the current year, the reserve for bad debts increased by $6
raketka [301]

Answer:

Deferred income tax expense = $7,161

Explanation:

Given:

Bed debts increase = $6,800

Depericiation increase = $40,900

Tax-exempt life insurance = $3,450

Computation:

Assume tax rate = 21%

Taxable difference = 40,900 - 6,800

Taxable difference = 34,100

Deferred income tax expense = 34,100 × 21%

Deferred income tax expense = $7,161

6 0
2 years ago
A company forecasts growth of 6 percent for the next five years and 3 percent thereafter. Given last year's free cash flow was $
Ilya [14]

Answer:

d. $2,676

Explanation:

The computation of the horizontal value is shown below:

FCF1 = (100 × 1.06) = 106

FCF2  = (106 × 1.06) = 112.36

FCF3 = (112.36 × 1.06) = 119.1016

FCF4  = (119.1016 × 1.06) = 126.247696

FCF5  = (126.247696 × 1.06) = 133.8225578

Now

Horizon value is

= FCF5 ÷ (Cost of capital  - Growth rate)

= 133.8225578 ÷ (0.08  - 0.03)

= $2,676

Hence, the correct option is d.

4 0
2 years ago
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