Answer: $12717
Explanation:
1. The amount of FICA and/or self-employment tax that Dave is required to pay on his compensation and his
share of the KBS income if KBS is formed as a C corporation, will be:
= 7.65% × $75000
= 7.65/100 × $75000
= 0.0765 × $75000
= $5738
2. As an S Corporation will be:
= 7.65% × $75000
= 7.65/100 × $75000
= 0.0765 × $75000
= $5738
3. As a limited liability company will be:
Dave's compensation = 75,000
Dave's portion of income will be calculated as:
= 50% × $30,000
= 0.5 × $30,000
= $15,000
Total will then be:
= $75000 + $15000 = $90000
We then calculate the net earnings which will be:
= 92.35% × $90000
= 0.9235 × $90000
= $83115
The FICA and/or self-employment tax that Dave is required to pay will then be:
= 15.3% × $83115
= 0.153 × $83115
= $12717
Answer:
a. market value of an economy's production of final goods and services in a one year period.
Explanation:
GDP is the sum of all final goods and services produced in an economy within a given period which is usually a year.
GDP = Consumption spending + Investment spending + Government Spending + Net Export
GDP doesn't include intermediate goods. Therefore it is not the market value of an economy's production of all goods and services in a one year period.
Total expenditures of the federal government over the period of one year is known as government spending.
I hope my answer helps you
Answer:
Journal.
Explanation:
Businesses record their daily financial transactions in a journal, also known as the businessperson's diary.
A journal entry involves the process of keeping the records of business transactions made by an organization.
The journal entry is used by bookkeepers and accountants. Ideally, it is important that a journal has all of following informations; date, reference number, debit balance, credit balance and transaction description.
In Accounting, most businesses use a double-entry account system and as such, the total amount debited must equal the total amount credited in a journal entry.
SEC reviews the information and have the authority of regulatory disclosure for the ADV.
<h3>What is SEC and how it works?</h3>
SEC is a Securities and Exchange Commission in United States who regulates the nation's securities industries.
The basic functions of the SEC is to protect the investors, capital formation and maintain the fairness in the market.
SEC is the governing body which has the authority in the case of ADV form.
Learn more about the ADV form here:-
brainly.com/question/14326387
#SPJ1
Answer:
Piedmont
⇒ government jobs. The northern part of Virginia is loaded with federal government workers and federal agencies. Even though the Piedmont region is much larger, its main source of income comes from government jobs mainly located at the northern part (near Washington D.C.)
Appalachian Plateau ⇒ coal mining. Coal is one of Virginia's most valuable natural resources and it is mined in the Appalachian Plateau region (west of the state).
Blue Ridge Mountain ⇒ farming. The major economic activities in the Blue Ridge Mountain region of Virginia include farming, livestock, lumber and tourism.
Coastal Plain ⇒ tourism. The main sources of income include tourism, shipbuilding and military contractors.
Explanation:
Principal economic activities there include livestock raising, farming, tobacco growing, and lumber production. Commercial apple orchards are found in Virginia, Maryland, and Pennsylvania. The Blue Ridge is a major East Coast recreation area noted for its resorts and scenery. The Appalachian Trail winds atop the range.
