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Toby worked as an employee during the first half of 2013 earning $80,000 of salary. Toby's employer withheld $4,960 of Social Security tax and $1,160 of Medicare tax. In the second half of the year, he was self-employed and reported $85,000 of self-employment income on his Schedule C. What amount of self-employment taxes is Toby required to pay?
Texas has just passed a law making it mandatory to have every head of cattle inspected at least once a year for a variety of communicable diseases.
raw materials 40000work in process 30000finished goods 60000for the current year the company estimated that it would
Suppose there are 360 business days in the year. What was the number of days' sales outstanding in average receivables and the number of days' sales outstanding in average inventories for 2011, respectively.
brooks inc. has issued three types of debt on january 1 2014 the start of the companys fiscal year.a 5 million 20-year
The differences between the book basis and tax basis of the assets and liabilities at the end of 2008 are as follows: What is the journal entry to record income tax expense, deferred income taxes, and income tax payable for 2008?
east valley manufacturing had gross profit of 450000 and selling amp administrative expenses of 275000 last year. the
The first installment payment of $18,360 was received on Dec. 31. How much gross profit from this sale should Pacer recognize on the December 31 income statement?
an elderly lady owns a home for which she had completely paid. she arranges a reverse mortgage for 100000 whereby she
The startup division made 80% of 1/2 of the established division. The startup division's growth was 1/3 greater than the established division's. If the divisions made 280,000 combined, how much did the startup division make?
Assume that the chance of loss is 3 percent for two different fleets of trucks. Explain how it is possible that objective risk for both fleets can be different, even though the chance of loss is identical.
A company acquired property that included land, building and equipment for a total cost of $163,000. The land was appraised at $87,500, the building at $35,000, and the equipment at $52,500. What should be the allocation of the total cost in the a..
explain in 250 to 300 words your answers to the followingbullwhat are the advantages of the four different special
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