What is Annie self-employment tax for the year

Assignment Help Accounting Basics
Reference no: EM133059448

Question - Annie is self-employed and has $49,900 in income from her business. She also has investments that generated dividends of $3,000 and interest of $2,500. What is Annie's self-employment tax for the year?

a. $7,719.

b. $7,635.

c. $7,416.

d. $7,051.

Reference no: EM133059448

Questions Cloud

Information deficiencies existed prior to implementation : Discuss the business factors which were evaluated prior to implementation? Evaluate information deficiencies existed prior to implementation?
What does carley record as the cost of the new truck : The truck license is $120. The truck undergoes safety testing for $220. What does Carley record as the cost of the new truck
What the amount to be recorded as depreciation expense : Using the straight-line method of depreciation, the amount to be recorded as depreciation expense at December 31, 2008 is
Data Driven Decisions for Business Assignment : Data Driven Decisions for Business Assignment Help and Solution, BPP University - Assessment Writing Service
What is Annie self-employment tax for the year : Question - Annie is self-employed and has $49,900 in income from her business. What is Annie self-employment tax for the year
What is jake net income from his business : Jake had $29,400 of business revenue and $24,700 of business expenses from his home-based business. What is Jake net income from his business
Ratio analysis and analytical techniques : Financial statement analysis focuses primarily on isolating information that is useful for making a particular decision.
Differentiate among major forms of business organization : Differentiate among the major forms of business organization and describe what you consider to be the top 2 advantages and disadvantages of each form.
Prepare the december shareholders equity section : Prepare the December 31, 2021, shareholders' equity section of the balance sheet for the Nicklaus Corporation

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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