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, 21.06.2019 20:50, josephvcarter
Last year, western corporation had sales of $5 million, cost of goods sold of $3 million, operating expenses of $175,000 and depreciation of $125,000. the firm received $40,000 in dividend income and paid $200,000 in interest on loans. also, western sold stock during the year, receiving a $40,000 gain on stock owned 6 years, but losing $60,000 on stock owned 4 years. what is the firm's tax liability?
Answers: 2
Business, 21.06.2019 21:50, mckinzirauch9
Discuss how the resource-based view (rbv) of the firm combines the two perspectives of (1) an internal analysis of a firm and (2) an external analysis of its industry and its competitive environment. include comments on the different types of firm resources and how these resources can be used by a firm to build sustainable competitive advantages.
Answers: 3
Business, 22.06.2019 22:00, hiyagirllyric
Which of the following is the term for something that you can't live without 1. need 2. want 3. good 4. service
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Eva received $60,000 in compensation payments from jazz corp. during 2019. eva incurred $5,000 in bu...
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