Veterinarian who is the sole proprietor of vet

Assignment Help Operation Management
Reference no: EM131129875

Dr. Sanders is a veterinarian who is the sole proprietor of Vet, Inc., an S corporation. The corporation offers Dr. Sander’s consulting and surgical services to other veterinarians. Dr. Sanders does not receive regular payments from the corporation, but withdraws funds as the need arises. During the current, he withdraws $118,000, and the net income of the corporation is $225,000. The corporation does not deduct the $118,000, nor does Dr. Sanders include it in his gross income. He does, however, report the $225,000 in his gross income. Because Dr. Sander’s has recognized all of the corporation’s income, he sees no need to pay himself a salary. He justifies the treatment by arguing that he is not an employee. (he is the owner.) of the corporation and that the federal income tax consequences are the same. Evaluate the approach taken by Dr. Sanders and Vet, Inc using. Include specify tax laws

Reference no: EM131129875

Questions Cloud

Actions will increase? productivity : A manufacturing process requires 12 minutes of labor to make 10 units of production. Which of the following actions will increase? productivity?
Evaluate the tools commonly used in estate planning : Evaluate the tools commonly used in estate planning, including trusts, life insurance, and annuities. Compare the tools as to how they would apply for a couple in their mid-50s who are classified as middle-income earners, with no dependents (two adul..
Familiarity breed contempt or evolve into tolerance : We have seen dramatic changes in society's view of HIV, AIDs and homosexuality. How does employment law impact long-term change? Would those who came after have it easier than the main character? Why? Does " familiarity breed contempt "or evolve into..
Discuss modern manufacturing practices : Discuss modern manufacturing practices and how they affect product costing. Include at least one of the three major changes in manufacturing practices: just-in-time production, computer controlled manufacturing, and total quality management. Provide ..
Veterinarian who is the sole proprietor of vet : Dr. Sanders is a veterinarian who is the sole proprietor of Vet, Inc., an S corporation. The corporation offers Dr. Sander’s consulting and surgical services to other veterinarians. Dr. Sanders does not receive regular payments from the corporation, ..
Decide among three processes that makes same product : A company has to decide among three processes that makes the same product but with different capacities, to implement next fall. The information on the processes are: Process 1-Fixed Cost $20,000, Variable Cost $12 Process 2-Fixed Cost $15,000, Varia..
Difference between teleological-deontological perspectives : Explain the difference between teleological and deontological perspectives with an emphasis on the utilitarian and Kantian theories. Suggest drawbacks and strengths of each view. Use examples to illustrate your positions. Explain the Aristotlean view..
Based on the areas of the game of business : Based on the areas of the “Game of Business”, discuss the overall concept of the value chain in light of IT in business. Based on the areas of the “Game of Business”, discuss each of the components of the value chain in relation to IT in business.
Different categories of application software : Create a power point presentation at least 5 slides in length identifying 5 different categories of application software. List a description of each type of software with advantages, disadvantages, and any security concerns for each

Reviews

Write a Review

Operation Management Questions & Answers

  What is the multifactor productivity of plant from part a

what is the multifactor productivity of the plant from part A?

  What is the average number of bags on hand

Determine the economic order quantity What is the average number of bags on hand? How many orders per year will there be?

  Impact of new public management on non-profit reform

Interpret the significant impact of New Public Management on Non-Profit Reform. Next, infer two (2) challenges that are associated with implementing the reform in non-profits. Provide a rationale for your response.

  Pick one product with which you are well known complete 3-5

write an executive summary identifying appropriate design approaches for a selected product and service.a pick one

  Compute forecasts for remaining five months

subsequent tabulations are actual sales of units for 6 months and a starting forecast in January. Compute forecasts for remaining 5months using simple exponential smoothing with.

  What are the major trade-offs in capacity planning

What are the major trade-offs in capacity planning? Who needs to be involved in capacity planning? In what ways does technology have an impact on capacity planning?

  What other components of this alleged bargain are missing

Leonard founded Xnel, a small life sciences research company, five years ago. His friend, Allan, has both medical research and business expertise. Last year Leonard was assured by a private equity investor that an influx of cash would be forthcoming,..

  Extended warranty for commercial off-the-shelf item

The project officer is considering whether to purchase an extended warranty for a commercial off-the-shelf item. What step of the risk management process is being performed?

  Research the definitions of various production and operation

Research the definitions of various production and operations management terms used in Lecture 1. Perform a literature search on one of these terms. Discuss how this term can impact the ability for an operation to be competitive in the 21st century. ..

  Firms with global mindsets are characterized

Firms with global mindsets are characterized by _

  Warehouse unless the in-house warehouse in filled up

M&M is a company that makes knitted sweaters. Forecasts of sales for the next year are 150 in the autumn, 400 in the winter, and 50 in the spring. Plain sweaters are purchased from a supplier for $20. However, you cannot rent a warehouse unless the i..

  Human resource development training program

Explain the importance of training objectives within a human resource development training program, along with their relationship to the training methods chosen to deliver the training. Then create two training objectives that you would propose that ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd