Answer:
- Self employment tax liability = $22,323.97
- Additional Medicare tax liability = $0
Explanation:
According to the IRS, the amount subject to self-employment tax is 92.35% of net income from self-employment for the year.
Alice's taxable income is:
= 92.35% * 196,000
= $181,006
Self employment tax-liability:
Social security tax for 2020 is 12.4% for the first $137,700 of income.
= 12.4% * 137,700
= $17,074.80
Medicare tax:
= 2.9% on taxable income
= 2.9% * 181,006
= $5,249.17
Self-employment tax is:
= 17,074.80 + 5,249.17
= $22,323.97
<em>Additional Medicare tax applies on only amounts above $200,000 so it is $0 in this case. </em>
<span>The Hyattsville country club requires that an applicant's grandfather be a member of the club in order to qualify for membership. because blacks were not allowed to join the club in the 1960s and 1970s, there are no black members today. this rule, which maintains the advantage for the dominant group, while providing the appearance of fairness to all is an example of: </span>Institutional Discrimination.
Answer:
Roll-out approach
Explanation:
In the roll-out approach a company tries out a campaign or promotion in some part of a country and if successful, they replicate same in other areas, and then across the country. The new variety of Doritos was first rolled out in areas that they company felt they could measure the success of the brand, and then finally rolled out to the entire country.
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Receiving provides 12,000 receiving hours and costs $60,000 per year.
Estimated manufacturing overhead rate= 60,000/12,000= $5 per hour
