Business, 19.12.2019 21:31, NeonPlaySword
Eva received $60,000 in compensation payments from jazz corp. during 2019. eva incurred $5,000 in business expenses relating to her work for jazz corp. jazz did not reimburse eva for any of these expenses. eva is single and she deducts a standard deduction of $12,200. based on these facts answer the following questions: use tax rate schedule for reference.
a. assume that eva is considered to be an employee. what amount of fica taxes is she required to pay for the year?
b. assume that eva is considered to be an employee. what is her regular income tax liability for the year? (round your final answer to 2 decimal places.)
c. assume that eva is considered to be a self-employed contractor. what is her self-employment tax liability and additional medicare tax liability for the year? (round your intermediate computations & final answers to the nearest whole dollar amount.)
d. assume that eva is considered to be a self-employed contractor. what is her regular tax liability for the year? (round your intermediate computations and final answer to the nearest whole dollar amount.)
Answers: 3
Business, 22.06.2019 10:40, meillsss
Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?
Answers: 1
Business, 22.06.2019 11:10, nadinealonzo6121
Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.
Answers: 1
Business, 22.06.2019 12:10, mcguirefam7071p2mbzz
Drag each label to the correct location on the image determine which actions by a manager are critical interactions - listening to complaints - interacting with customers - responding to complaints - assigning staff duties -taking action to address customer grievances -keeping track of reservations
Answers: 2
Eva received $60,000 in compensation payments from jazz corp. during 2019. eva incurred $5,000 in bu...
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