Mathematics, 26.10.2020 02:20 makennahudson94
James Jones is the owner of a small retail business operated as a sole proprietorship. During 2019, his business recorded the following items of income and expense:
Revenue from inventory sales $147,000
Cost of goods sold 33,500
Business license tax 2,400
Rent on retail space 42,000
Supplies 15,000
Wages paid to employees 22,000
Payroll taxes 1,700
Utilities 3,600
a. Compute taxable income attributable to the sole proprietorship by completing Schedule C to be included in James’s 2019 Form 1040.
b. Compute self-employment tax payable on the earnings of James’s sole proprietorship by completing a 2019 Schedule SE, Form 1040.
Answers: 2
Mathematics, 21.06.2019 16:00, dayanawhite64
Which term best describes the association between variables a and b? no association a negative linear association a positive linear association a nonlinear association a scatterplot with an x axis labeled, variable a from zero to ten in increments of two and the y axis labeled, variable b from zero to one hundred forty in increments of twenty with fifteen points in a positive trend.
Answers: 2
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