User Account

All Pages

What is the correct amount of his self-employment tax

Assignment Help Accounting Basics
Reference no: EM132639776

Question - Kevin operates a floral retail store as a sole proprietorship. During tax year 2019, he had a net profit of $150,000. What is the correct amount of his self-employment tax?

a. $20,497

b. $19,645

c. $21,194

d. $22,950

Reference no: EM132639776

Questions Cloud

How leadership habits and practice influence quality of life : How do leadership habits and practices influence quality of life in both positive and negative ways? What experiences have YOU had in the past in which.
What is the limit of their modified AGI : f neither are covered by a retirement plan at work, what is the limit of their modified AGI in order for the Jenkins to be able to contribute to Traditional IRA
Calculate the unemployment rate : In a country with a population of 75 million people, there are 19 million children under the age of 15 years, 46 million employed
Advise outdoor living ltd on the method of finance : Advise Outdoor Living Ltd. on the method(s) of finance likely to be most satisfactory to both Outdoor Living Ltd. and the provider of funds.
What is the correct amount of his self-employment tax : Kevin operates a floral retail store as a sole proprietorship. During tax year 2019, he had a net profit of $150,000. What is the correct amount of tax
About the strategy development : Differentiate between each of the following strategies: directional, adaptive, market entry, competitive. Provide one example of each to support your response.
Construct a depreciation schedule using straight line method : Construct a depreciation schedule using the straight line method for a new truck that costs $80,000 and has a salvage value of $8,000 at the end of 6years.
About implementation process of new program : What have you learned about the implementation process of your new program? What are some major roadblocks that you can come up against?
What is their tax liability : Miguel and Carmelita are filing a joint return and use the standard deduction; they have no other income to report. What is their tax liability

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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