JC recently graduated from veterinary school and opened her own professional practice. Assume JC does not qualify for the QBI deduction. This year, her net profit was $22,600. Compute JC’s after-tax income from her practice assuming her self-employment tax is $3,193, and her marginal income tax rate is 22 percent. What percentage of the federal tax burden on JC’s business income is represented by the self-employment tax?
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Business, 23.06.2019 01:30
At the end of the fiscal year, apha airlines has an outstanding non-cancellable purchase commitment for the purchase of 1 million gallons of jet fuel at a price of $4.10 per gallon for delivery during the coming summer. the company prices its inventory at the lower of cost or market. if the market price for jet fuel at the end of the year is $4.50, how would this situation be reflected in the annual financial statements?
Answers: 2
Business, 23.06.2019 04:40
Which is not true of birthday and/or annual review automatics? a. the purpose is to trigger a telephone call for a face-to-face meeting.b. quarterly automatic contacts decrease cross-sales and lead to reduced referrals.c. you are expected to stay in touch with all your active prospects and clients through two personal contacts each year?
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Business, 23.06.2019 06:00
Before setting your prices, it's wise to a. subtract your profit margin from your costs. b. research industry standards. c. memorize the formula for cost plus. d. ignore your competitors' prices.
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Business, 23.06.2019 19:30
Match the types of agreements to their descriptions. will trust living will prenuptial agreement provides protection for individual estate plans and keeps family property in the family provides for beneficiaries in the event of a death holds a decease person's assets on behalf of beneficiary has no legal power after a person dies
Answers: 1
JC recently graduated from veterinary school and opened her own professional practice. Assume JC doe...
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