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Small business administration

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Reference no: EM133353370

Questions

1. The Small Business Administration (SBA) provided ten steps to start your business. What are they?

2. The Internal Revenue Service requires you to have a federal EIN number. What is an EIN number, how do you apply for it, and how long does it take to get it?

3. If you are self-employed, you must pay IRS a Self-Employment Tax. What is the purpose of this tax, and how much do you have to earn to be liable for this tax?

4. The SBA provided a list of the documents needed to open a Business Bank Account? What are they?

5. When you have employees, you as the employer have certain employment tax responsibilities that you must pay. What are they?

6. In the state of Florida, retailers must charge the consumers Sales Tax. If you bought a car for $20,000.00 in Lee County how much would you pay in sales tax? What if you bought the same care in Hillsborough County, how much would you pay in sales tax?

Reference no: EM133353370

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