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klasskru [66]
2 years ago
9

Oliver owns Wifit, an unincorporated sports store. In 2019, Wifit earned $100,000 before Oliver drew out a salary of $60,000.

Business
1 answer:
oksano4ka [1.4K]2 years ago
8 0

Answer:

c. $7,650  

Explanation:

As IRS regulate, the self-employment tax is 15.3% charged on business profit, but the IRS let the employer count half of tax, or 7.65%, as a business deduction for purposes of calculating the tax.  

So in this case, Oliver’s 2019 deduction for self-employment taxes is $7,650 = $100,000 x 7.65%

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If the local government tells gas stations that they are not allowed to change the price of gas for three weeks during hurricane
castortr0y [4]

Answer:

The correct answer is B. Consumers will be unable to buy all the gas they want at the temporary price ceiling price.

Explanation:

At the time that the offer is recent for price control, demand can be stimulated by the existence of a more reasonable and affordable price for the consumer, so that there is an excess of demand against supply, which is It would imply that it should result in an increase in prices that should lead to an optimum level or breakeven point being reached at any given time, a situation that will not occur precisely because of price control.

By resenting the offer while increasing demand, despite the possible shortage, this shortage does not result in a price increase that would be normal, precisely due to the hand of the state that prevents free market development , since it restricts one of the factors that energizes it, which is the price.

The price of goods and services, as well as can increase or decrease the supply, can also increase or decrease demand, a game that alone should maintain a price that satisfies both consumers and producers, but when price control is introduced , only consumers will be satisfied, a situation that causes bidders to stop producing.

6 0
2 years ago
your investment advisor informs you that you do not need to pay a fee for his services. Instead, he invests your money for one m
MatroZZZ [7]

Answer: 12.68%

Explanation:

The Effective Annual Interest rate is the nominal interest rate adjusted for the number of compounding periods a financial product will experience in a period of time which is usually a year.

The formula is,

Effective annual interest rate = (1 + (nominal rate / number of compounding periods)) ^ (number of compounding periods) - 1

Plugging in the figures would give,

EAR = (1 + 0.01) ^ 12 - 1

EAR = 1.01^12 - 1

EAR = 12.68%

You might notice that in the bracket I did not divide the 1% by 12. This is because the 1% was already given as the month's interest rate.

6 0
2 years ago
H&M has adopted the inventory management system that delivers less merchandise on a more frequent basis than in traditional
EastWind [94]

Answer:

The correct answer is the option B: Quick response (QR)

Explanation:

To begin with, a <em>quick response inventory system</em> involves the intention of shorten the lead time from receiving an order to delivery of the products and increase the amount of cash flow. Moreover, this system focuses primarily in the reduction of the time that the stuff is stuck in the inventory in order to avoid the low stock rotation and in that way to try to increase the sales that the company has. And in that way the company can receive the merchandise in time in order to sale it or to use it for another product.

4 0
2 years ago
Read 2 more answers
Owen expects to receive at the end of next year from a trust fund. If a bank loans money at an interest rate of ​, how much mone
Nezavi [6.7K]

Answer: a) $18,605

Explanation:

The amount he can borrow today will be an amount that when grown at a rate of 7.5% per year will equal $20,000 in a year.

20,000 = Amount + ( Amount * rate * time)

20,000 = Amount + (7.5% * Amount)

2,000,000 = 1.075 * Amount

Amount = $18,605

4 0
2 years ago
Instant rewards reinforce desired behavior. Annual raises are ________ effective in reinforcing behavior because there is too mu
amid [387]

Answer:

B. less

Explanation:

As compared with the instant rewards the annual raises are becomes less effective when the behavior is reinforced also it is depend upon the time gap that lies between the behavior and the actual reward

Therefore as per the given situation, the option b is correct

hence, all other options are wrong

So, the same is to be considered

4 0
2 years ago
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