subject
Business, 08.04.2021 20:00 user1234536

Adam Fleeman, a skilled carpenter, started a home improvement business with Tom Collins, a master plumber. Adam and Tom are concerned about the payroll taxes they will have to pay. Assume they form an S corporation and each earns a salary of $82,000 from the corporation; in addition, they expect their share of business profits to be $53,000 each. How much Social Security tax and Medicare tax (or self-employment tax) will Adam, Tom, and their corporation have to pay on their salary and profits

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 10:40
Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable
Answers: 2
question
Business, 22.06.2019 20:00
If an investment has 35 percent more nondiversifiable risk than the market portfolio, its beta will be:
Answers: 1
question
Business, 22.06.2019 20:00
What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?
Answers: 2
question
Business, 22.06.2019 20:30
Juanita and sam attend a beach party and notice that the local beach appears to have a great deal more trash washed up on shore than it did when they were young. the water doesn't appear nearly as clear, and there seems to be less evidence of small water creatures living in the shallows. an afternoon at the local library convinces them that one major cause is the new factory nearby. after some discussion, they decide their next step should be identifying the cause of the changes identifying the problem picketing the guilty factory lobbying their elected representatives to complain about the problem talking to a local environmental group about solutions
Answers: 3
You know the right answer?
Adam Fleeman, a skilled carpenter, started a home improvement business with Tom Collins, a master pl...
Questions
Questions on the website: 13722367