Self-employed taxpayers are eligible to deduct 100% of the cost of their medical insurance premiums on their tax returns, limited to their earned income from self-employment.
If the self-employment income exceeds the medical insurance premiums, the remaining amount can be deducted on the tax return. In addition to this, for the year 2020, self-employed taxpayers can also deduct up to 10% of their net self-employment income for contributions made to a self-employed retirement plan, such as a SEP IRA or a Solo 401(k). It's important to note that this retirement plan deduction is taken after deducting the medical insurance premiums.
To summarize, in the 2020 tax year, self-employed taxpayers can deduct 100% of their medical insurance premiums on their tax return if the premiums exceed their self-employment income. If the self-employment income is greater than the medical insurance payments, they can deduct the remaining premium amount and also claim a deduction of up to 10% of their net self-employment income for contributions to a self-employed retirement plan.
Please keep in mind that the information provided is specific to the 2020 tax year and tax regulations may change for future years.
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When a person intentionally deceives another person or company for personal gain, this is referred to as . (Enter one word per blank)
Fraud can be defined as a form of intentional deception and cheating, such as when a person intentionally betrays another person or company for personal gain.
Importance of ethics for societyEthical behavior is essential for the development and maintenance of society, as it establishes fair and positive behaviors that protect the rights, values and duties of each citizen.
Ethics therefore must be applied at all levels and social spheres, to reduce fraud used for personal benefit and to strengthen values of justice, equality and peace among individuals.
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.. If two variables have a direct relationship on a graph, it indicates that
A. both variables are not related.
B. as one variable rises, the other variable falls.
C. both variables are moving in the same direction.
D. as one variable rises, the other variable is constant.
Answer:
Option C. Both variables are moving in the same direction.
Explanation:
The reason is that in the direct relationship, the variables move in the same direction which means if one of the variable increases then the other will also increase and vice versa. So the only option that satisfies this condition is option C.
Bailey Co. Has leased a refrigeration unit from Hallogren Company (lessor). The lease agreement is for 16 months and does not include a purchase option. The fair value of the refrigeration unit is $4,000. Under what may the lessee elect not to recognize the right-of-use asset and lease liability?
Under short team lease and low value the lessee elects not to recognize the right-of-use asset and lease liability
Lessees may choose not to recognise a right-of-use asset and lease liability if the lease period is 12 months or less. This criterion is not relevant in this situation because the lease duration is 16 months. Additionally, the lessee may choose not to recognise a right-of-use asset and lease liability if the underlying asset has a low value when new, such that the fair value of the underlying asset is $5,000 or less. The refrigeration unit's $4,000 fair value satisfies this requirement.
The lessee must not be fairly certain that an option to acquire the underlying asset would be exercised, and the lease must not be a component of a larger agreement for this option to be available. Bailey Co. may decide not to recognise a right-of-use asset and lease liability if the lease is not a component of a broader agreement and the company is not reasonably assured that it will exercise an option to purchase the refrigeration unit. They would have to account for the right-of-use asset and lease obligation on their balance sheet if any of these requirements were not met.
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Depreciation by units-of-activity method
A diesel-powered tractor with a cost of $155,300 and an estimated residual value of $7,400 is expected to have a useful operating life of 87,000 hours. During April, the tractor was operated 200 hours.
Determine the depreciation for the month. If required, carry out any division to two decimal places.
fill in the blank 1 of 1$
To determine the depreciation for the month using the units-of-activity method, follow these steps:
Calculate the depreciation rate per hour:
Depreciation rate per hour = (Cost - Residual value) / Useful operating life
Depreciation rate per hour = ($155,300 - $7,400) / 87,000 hours
Depreciation rate per hour = $147,900 / 87,000 hours
Depreciation rate per hour = $1.70 per hour (rounded to two decimal places)
Calculate the depreciation for the month:
Depreciation for the month = Depreciation rate per hour * Hours operated in the month
Depreciation for the month = $1.70 per hour * 200 hours
Depreciation for the month = $340
So, the depreciation for the month is $340.
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What is something that quantitative research won't tell you?
A. A company's annual earnings
B. A company's stock performance over the past five years
C. How happy a company's employees are
D. When a company went public
The findings that quantitative research won't tell you is "When a company went public."
This is because quantitative research measures the situation in value using numbers analysis
Usually, quantitative research analyzes numerical data to conclude.
Options A, B, and C can be measured on numerical scales, in which the conclusion can be reached.
However, option D is just a date; it cannot be analyzed with quantitative research analysis.
Hence, in this case, it is concluded that the correct answer is option D. "When a company went public."
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Answer:
c
Explanation:
took the test
A broker has a single agency relationship with the seller. Any REQUIRED property condition disclosure would be completed by the
Answer:
Buyer
Explanation:
It will be completed by the buyer. This is because after the seller has indicated the potential defects and problems that could potentially affect the value of the property, the onus lies on the buyer to complete the form from his findings too in that regards.
g a company recorded a journal entry that included a debit to note payable. what is a possible explanation?
A note payable is a debt owed by a company to a lender or creditor. It is a formal agreement that outlines the terms of the loan, including the amount borrowed, interest rate, and repayment schedule.
When a company records a journal entry that includes a debit to note payable, it means that they have borrowed money from a lender or creditor and have entered into a formal agreement to repay the debt. There are several possible explanations for why a company may record a journal entry that includes a debit to note payable.
It could be that the company needed funds to finance a new project or investment, or they may have needed to pay off existing debts or liabilities. Alternatively, the company may have taken out a loan to cover short-term cash flow needs, such as payroll or operating expenses.
Regardless of the reason for the journal entry, it is important for the company to manage their note payable effectively to ensure they are able to make timely payments and maintain good relationships with their lenders or creditors. This may involve closely monitoring their cash flow, implementing effective debt management strategies, and maintaining strong communication with their lenders or creditors.
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Which of the following decisions is most likely to create a temporary diseconomy of
scale? (Select the best answer.)
A)Buying supplies in bulk
B)Buying an expensive piece of machinery
C)Hiring employees who specialize
D)Using division of labor
Answer:
Buying an expensive piece of machinery
Explanation:
This year, Oscorp industries will produce 81,600 nanobots (yearly) at Oscorp Tower in New York, in order to meet expected global demand. To accomplish this goal, each research scientist at the lab will work 150 hours per month. If the research scientist productivity at the lab is 0. 20 nanobots per hour, how many research scientists are employed at the lab
To determine the number of research scientists employed at the lab, we can use the given information and perform some calculations.
First, let's calculate the total number of work hours per year for each research scientist:
150 hours/month x 12 months = 1,800 hours/year
Next, we can calculate the total nanobots produced by one research scientist in a year:
1,800 hours/year x 0.20 nanobots/hour = 360 nanobots/year
Now, we can determine the number of research scientists required to produce 81,600 nanobots per year:
Number of research scientists = Total nanobots produced / Nanobots produced by one research scientist
Number of research scientists = 81,600 nanobots / 360 nanobots/year
Performing the calculation:
Number of research scientists = 226.67
Since we can't have a fractional number of research scientists, we need to round up to the nearest whole number. Therefore, the lab should employ approximately 227 research scientists to meet the production goal of 81,600 nanobots per year.
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Most entrepreneurs have similar characteristics, true or false?
Answer:
true
Explanation:
I entreprent for my mom lol
As an employee, which form do you complete in order to file your taxes, annually?.
Important details regarding your income from your company, the amount of taxes deducted from your paycheck, perks offered, and other information are displayed on a W-2 tax form.
What is W-2 tax form?A W-2 tax form shows crucial information about your company's income, the amount of taxes withheld from your paycheck, benefits provided, and other details. This form is used to file your federal and state taxes.A W-2 reports how much an employer paid an employee and how much tax it withheld over the course of the year, whereas a W-4 instructs employers how much tax to withhold from an employee's paycheck. IRS tax forms are necessary for both.The W-4 contains the employee's identifying information, marital status, dependents, and withholding allowances while the W-2 is an end-of-year reporting form that includes the employee's wages, tips, and other forms of compensation.To learn more about W-2 tax form refer to:
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can be in form of a written summary of the findings of a required investigation or a particular problem
A) presentation
B) itinenaries
C) reports
D) notices
When a firm has __________, it can place more emphasis on other objectives.
When a firm has money or dollars , it can place more emphasis on other objectives.
What is Firm objectives ?
Profit maximization is a business firm's primary goal, according to the traditional theory of the firm. Price and output of a given product under perfect competition are decided with the only goal of maximizing profits, under the assumptions of given tastes and technology.
What does the company hope to achieve financially?
firm is to maximize the wealth of its owners." that the management's top priority is stockholder wealth maximization, which translates into boosting the price of the common stock. maximize the firm's value. The goal is to increase the stock price in trading and markets that are thought to be efficient.
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what life? and how are you
Answer:
life is evrthing on earth that is living or requires certain things to live and If you want a lie im awsome.
If someone owes you $100 right now, but they don't pay you for a year, you have lost the opportunity to collect _______________on that money.
Answer:
Interest
Explanation:
Opportunity cost of the money is the Interest that could have been earned on that money has the borrower saved it in the bank. Thus, the missing word here is Interest.
When two different messages produce the same hash value what has occurred?
When two different messages produce the same hash value, it is called a hash collision. This means that the hash function used to generate the hash value was unable to produce a unique output for each input, and two different messages ended up with the same output.
While hash collisions are rare, they can still occur in certain circumstances, such as when the hash function is not strong enough or when there is a deliberate attempt to create a collision.
Hash collisions can pose security risks in certain situations, such as when a malicious user attempts to create a fake message with the same hash value as a legitimate message. This is known as a hash collision attack and can be used to bypass security measures such as digital signatures or to create fake digital certificates.
To prevent hash collisions, it is important to use strong hash functions that are resistant to collisions and to regularly update them as new vulnerabilities are discovered. Additionally, using salted hashes, where a random value is added to the message before hashing, can make it more difficult for attackers to create hash collisions.
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what is the following product? assume b greater-than-or-equal-to 0startroot b endroot times startroot b endrootb startroot b endroot2 startroot b endrootbb2
The product is b^(3/2) * (b^2)^(b^2) * b^(b^2). In 25 words: It consists of b raised to the power of 3/2, multiplied by b raised to the power of b^2, all raised to the power of b^2.
The product involves several exponentiation operations. First, b is raised to the power of 3/2, which means taking the square root of b and then raising it to the power of 3. Next, b^2 is raised to the power of b^2, resulting in b^(2 * b^2). Finally, the previous result is raised to the power of b^2, yielding (b^(2 * b^2))^b^2.
The entire expression simplifies to b^(3/2) * (b^2)^(b^2) * b^(b^2).Sure! Let's break down the expression step by step: the first term is b^(3/2). This means taking the square root of b and then raising it to the power of 3. So it's equivalent to (√b)^3.
the second term is (b^2)^(b^2). Here, b^2 is raised to the power of b^2. This can be simplified as (b^2) * (b^2) * ... * (b^2) (b^2 times), which is equivalent to b^(2 * b^2). the third term is b^(b^2). This means b is raised to the power of b^2, resulting in b * b * ... * b (b^2 times).
putting it all together, the expression becomes b^(3/2) * (b^2)^(b^2) * b^(b^2).
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Jack wanted a new pair of Nike sneakers that were in sale for 45% off of the original price of $65.
What was the new sale price of the shoes after the discount?
Demarco and Tanya have received information about three separate mortgage offers. In two or three paragraphs, describe your recommendation for the best financial choice in their situation.
Answer: first one
As for Mortgage Option 3, not only is the interest rate higher (4.0%), but the remaining balance that is not paid has to be paid off completely in 8 years. After the down payment, they would have a $1,605 monthly payment which includes the fixed interest rate of 4.25% as well. Due to the short payment time, a borrower has a risk of loosing their home and equity if the final payment is not able to be made. Mortgage Option 2 has the lowest interest rate (3.5%) but these rates could be adjusted annually. Even though the interest rate is the highest, they would be able to afford it. Not only are they able to make these payments, Tanya and Demarco would also have. approximately $3,395 left to spend from their monthly earnings too.
Explanation:
credit to mohammedalm2
What are the procedural requirements under Section 8(d) of the
National Labor Relations Act?
**Procedural requirements under Section 8(d) of the National Labor Relations Act** include notification and bargaining obligations.
Section 8(d) of the National Labor Relations Act (NLRA) sets forth the procedural requirements that employers and labor organizations must follow. It mandates that both parties engage in good faith negotiations and provide each other with relevant information. Employers must notify the labor organization of proposed changes that affect employees' terms and conditions of employment. They are also required to bargain in good faith with the labor organization over such changes. The labor organization, on the other hand, must represent employees in negotiations and refrain from engaging in unfair labor practices. These procedural requirements aim to promote fair and constructive labor relations, ensuring that both parties have the opportunity to negotiate and reach agreements that are in the best interest of the employees.
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what is research analysis
Research analysis is the process of interpreting data that has been collected through research methods. It involves analyzing, interpreting, and evaluating the results of a research study to draw conclusions or develop insights.
Research analysis can be conducted using various methods such as qualitative and quantitative analysis. Qualitative analysis involves examining non-numerical data such as interviews, observations, and text, while quantitative analysis involves analyzing numerical data using statistical techniques. Both methods can provide valuable insights into a research question, and the choice of method depends on the research question, research design, and data collected.
Research analysis involves several steps such as cleaning and organizing data, identifying patterns, trends, and relationships within the data, and interpreting and drawing conclusions based on the data. It also involves identifying potential biases or limitations in the data and addressing them appropriately. In summary, research analysis is a critical component of the research process as it helps researchers to make sense of their data and draw meaningful conclusions from their findings.
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70 of 500 respondents say they would visit a trampoline park. What percentage of respondents is this?.
Answer:
Should be 14%
Explanation:
70 divided by 500 is 0.14 then move the decimal.
James is preparing a statement of owner's equity for the first quarter of the
year. To find the beginning capital balance, James should look at the
A. net income from the fourth quarter of last year
B. owner contributions and withdrawals from the current first quarter
C. net income from the first quarter of the current year
D. ending balance from the fourth quarter of last year
To find the beginning capital balance when preparing a statement of owner's equity for the first quarter of the year, James should look at option D. ending balance from the fourth quarter of last year.
The statement of owner's equity is a financial statement that shows the changes in the owner's capital during a specific period, typically a year. It provides information on the beginning capital balance, net income or loss, owner contributions or withdrawals, and the ending capital balance.
When preparing the statement for the first quarter of the year, the beginning capital balance represents the owner's capital at the start of that quarter. To determine this balance, James needs to refer to the previous period's ending capital balance.
Option A (net income from the fourth quarter of last year) does not provide information about the owner's capital at the beginning of the first quarter. Net income reflects the profitability of the business, but it does not directly indicate the starting capital balance.
Option B (owner contributions and withdrawals from the current first quarter) represents the changes in the owner's capital during the current first quarter, not the beginning capital balance.
Option C (net income from the first quarter of the current year) reflects the profitability of the business during the first quarter, but it does not provide information about the starting capital balance.
Therefore, the most appropriate choice is option D (ending balance from the fourth quarter of last year) as it represents the owner's capital at the end of the previous period and serves as the starting point for the statement of owner's equity for the first quarter.
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explain the meaning of a business opportunity
Answer:
involves sale or lease of any product, service, and equipment. that will enable the purchaser-licensee to begin a business.
Explanation:
you go back to people that are willing to probably invest into your business
The fixed costs of doing business include
Answer:
Fixed costs are the costs associated with your business's products or services that must be paid regardless of the volume you sell. ... Insurance - the liability insurance you hold on your business. Rent - the rent you pay on your office, factory, and storage space. Utilities - electricity, water, and other utilities.
Explanation:
delta engineering is reviewing proposals from possible new suppliers for its manufacturing process. the company is using ______ to lower its total costs.
The company is using an internet search to lower its total costs.
The required details about total costs is mentioned in below paragraph.
Overall cost, in economics, is the total expense a company incurs to produce a particular level of production.
Total cost is the total amount of costs a business incurs to produce a particular level of output. Product managers can assess their overall profit margin by adding together their fixed and variable costs.
Cost as a Whole
To ensure that their businesses are operating effectively, business owners should be aware of their income and expenses. Total cost helps business owners analyze the performance and profitability of their organizations.
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Tony's sign shop needs a new
machine to create the best signs
on the market. He has paid off all
his financial obligations and has
made a $10,000 profit. What
strategy will he use?
A. short-term loan
B. common stock
C. retained earnings
C. retained earnings.
Retained earnings are the portion of a company's profits that are kept and reinvested back into the business instead of being distributed to shareholders as dividends. Since Tony has already paid off all his financial obligations and made a profit of $10,000, he can use this profit to reinvest in his business and purchase the new machine.
This strategy will not require Tony to take on any new debt or issue additional shares of stock, which would dilute his ownership in the business.
Therefore, retaining his earnings to purchase the new machine is the most feasible and efficient strategy for Tony in this scenario.
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Question: Assume that an equity investment that lacks significant influence is sold. Which of the following would be included in the two entries to record the sale? (Select all that apply.) Check All That Apply An update of the Fair value adjustment account An update of the Fair value adjustment account Removal of the related investment account balances Removal of the related investment account balances The total amount of gain or loss that has occurred since the securities were purchased The total amount of gain or loss that has occurred since the securities were purchased The amount of the unrealized holding gain or loss that has occurred since the end of the prior accounting period
Answer:
- An update of the Fair value adjustment account
- Removal of the related investment account balances
- The amount of the unrealized holding gain or loss that has occurred since the end of the prior accounting period
Explanation:
An integrated set of performance measures that are derived from the company's strategy is ______.
An integrated set of performance measures that are derived from the company's strategy is the balanced scorecard,
The Balanced Scorecard is a management system designed to translate an organization's strategic objectives into a set of organizational performance objectives that are measured and monitored as needed to ensure that the organization's strategic objectives are met. , and fixed.
Balanced Scorecard is a strategic performance management tool. A well-structured report that managers can use to track the execution of activities by employees under their control and monitor the results of those actions.
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which of the following phrases does not describe an essential characteristic of a factory? a. produces a standardized product to be sold in a wide market b. relies on stocks and bonds in order to finance plants and machinery c. assemble workers under a definite organizational discipline d. carries out complex operations in one building or in adjacent buildings
This sentence does not describe the essential features of the factory in option (b). Rely on stocks and bonds to finance factories and machinery
A factory is a building or group of buildings where goods are manufactured or assembled primarily by machines rather than by humans. Hundreds of workers can be recruited to work in large factories owned by capitalists.the following statements describe the key function of a factory Producing standardized products that are sold in various markets to organize workers under certain organizational disciplines. Perform complex operations on buildings or adjacent buildings
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