subject
Mathematics, 26.10.2020 02:20 makennahudson94

James Jones is the owner of a small retail business operated as a sole proprietorship. During 2019, his business recorded the following items of income and expense: Revenue from inventory sales $147,000
Cost of goods sold 33,500
Business license tax 2,400
Rent on retail space 42,000
Supplies 15,000
Wages paid to employees 22,000
Payroll taxes 1,700
Utilities 3,600

a. Compute taxable income attributable to the sole proprietorship by completing Schedule C to be included in James’s 2019 Form 1040.

b. Compute self-employment tax payable on the earnings of James’s sole proprietorship by completing a 2019 Schedule SE, Form 1040.

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 21.06.2019 13:20
Given f(x) = 10x + 4 and g(x) = 3x - 8, what is f(x) + g(x) ? - 7x - 4 - 13x + 4 - 7x + 4 - 13x - 4
Answers: 2
question
Mathematics, 21.06.2019 16:00
The graph shows the distance y, in inches, a pendulum moves to the right (positive displacement) and to the left (negative displacement), for a given number of seconds x. how many seconds are required for the pendulum to move from its resting position and return? enter your answer in the box.
Answers: 2
question
Mathematics, 21.06.2019 18:00
Given: and prove: what is the missing reason in the proof? given transitive property alternate interior angles theorem converse alternate interior angles theorem
Answers: 1
question
Mathematics, 21.06.2019 20:10
Gexpressions: practice question 3 of 5 jackson wants to study the popularity of his music video by tracking the number of views the video gets on his website. the expression below represents the total number of views that jackson's video receives n days after he begins tracking the nu views, where b is the rate at which the number of views changes. alb)" select the statement that would accurately describe the effect of tripling a, the initial number of views before jackson beginst the rate at which the number of views changes, b, will triple. the total number of views the video has after n days, a(b)", will not change. the total number of days since jackson begins tracking views, n, will be reduced by one-third. the total number of views the video has after n days, alb)", will triple. submit
Answers: 3
You know the right answer?
James Jones is the owner of a small retail business operated as a sole proprietorship. During 2019,...
Questions
question
Mathematics, 18.10.2019 00:30
question
Mathematics, 18.10.2019 00:30
Questions on the website: 13722365