Business, 05.05.2020 19:00 audjwood67
In 2018, Wilma Way’s sole proprietorship, WW Bookstore, generated $120,000 net profit. In addition, Wilma recognized a $17,000 gain on the sale of business furniture and shelving, all of which was recaptured as ordinary income. The business checking account earned $960 interest income.
A. Which of these income items are subject to self-employment tax?
B. Compute Wilma’s 2018 self-employment tax.
C. Compute Wilma's allowable Section 199A deduction, assuming $43,000 of W-2 wages and $90,000 unadjusted basis of tangible depreciable property.
D. Compute Wilma’s 2018 taxable income from her bookstore activity.
Answers: 2
Business, 22.06.2019 19:00
Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.
Answers: 2
Business, 22.06.2019 22:00
He interest rate effect is the change in real gdp caused by the federal reserve adjusting target interest rates. is the change in consumer and investment spending due to changes in interest rates resulting from changes in the aggregate price level. is the change in exports and imports, resulting from changes in the interest rate caused by changes in the aggregate price level. is the change in investment spending and government purchases caused by changes in money demand. is the change in interest rates, caused by changes to government purchases.
Answers: 2
Business, 23.06.2019 00:30
Emerson has an associate degree. based on the bar chart below,how will his employment opportunities change from 2008 to 2018
Answers: 2
In 2018, Wilma Way’s sole proprietorship, WW Bookstore, generated $120,000 net profit. In addition,...
Mathematics, 27.06.2019 00:30
Computers and Technology, 27.06.2019 00:30
Mathematics, 27.06.2019 00:30
Mathematics, 27.06.2019 00:30
Mathematics, 27.06.2019 00:30
Health, 27.06.2019 00:30
Mathematics, 27.06.2019 00:30
Mathematics, 27.06.2019 00:30