User Account

All Pages

Discuss catherine carlson is a self-employed consultant

Assignment Help Accounting Basics
Reference no: EM131750400

Catherine Carlson is a self-employed consultant. During 2016, her net profit from her sole proprietorship is $190,000. Catherine is single and has no other source of income.

A. What amount of self-employment tax must Catherine pay in 2016? Please show your work and explain your calculations.

B. What amount of self-employment tax can Catherine deduct on her 2016 federal individual income tax return? Please show your work and explain your calculations.

Reference no: EM131750400

Questions Cloud

Adult entertainment nightclub called silk stockings : Norman Costello and Robert Giordano were members of Silk, LLC, which owned a bar and adult entertainment nightclub called Silk Stockings.
What are the loans tax consequences : What are the loans tax consequences (both income and deductions) to Cooper Corporation and Sandy
How you could improve the readability of the algorithm : Identify how you could improve both the readability of the algorithm in its implementation, and its performance.
What might explain this difference : Since unemployment rates are consistently higher in Canada and some Western European countries than in the United States, it appears that the natural rate
Discuss catherine carlson is a self-employed consultant : Catherine Carlson is a self-employed consultant. During 2016, her net profit from her sole proprietorship is $190,000
Toyota motor europe manufacturing had a problem : Toyota’s European Exposure It was January 2002, and Toyota Motor Europe Manufacturing (TMEM) had a problem.
What are the fica and income taxes consequences : What are the FICA and income taxes consequences of the reclassification to both Miguel and Security Inc
How do you create a scrollable text area using swing : How do you set focus on a component so it can listen for key events? How do you create a scrollable text area using swing?
Discuss about finance dividend payments : Is it sensible for a firm to have debt outstanding and at the same time to pay dividends, or would the firm be better off using any available funds to reduce.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd