Annie is self-employed and has $58,000 in income from her business. She also has investments that generated dividends of $3,000 and interest of $2,500. What is Annie’s self-employment tax for the year?

Answers

Answer 1
First, you need to know the self-employment taxes:
The self-employment tax is 92.35%
Social security tax is 12.4% and Medicare tax is 2.9% = (15.3%)

Dividends and interest are not a part of the income.

58000 * 92.35% *15.3% 
Turn the percentages into decimal form in order to multiply. You can do this by moving the decimals over twice or dividing each percentage by 100. 

58000*.9235 * .153 = $8,195.

Annie's self-employment tax for the year is $8,195. 
Answer 2

Annie's self-employment tax for the year is $8,195.

What is Self-employment?

A self-employed individual doesn't have a set employer who gives them a steady salary or paycheck.

Instead, they work for themselves. Independent contractors, sometimes known as self-employed people, are paid by directly contracting with a trade or business.

Self-employed people might be sole proprietors or independent contractors. A self-employed person may be skilled in one line of work but nevertheless engage in a variety of jobs.

Writers, independent contractors, attorneys, insurance brokers, salespeople, etc. are a few examples of self-employed people.

You must first be familiar with self-employment taxes:

92.35% is the self-employment tax rate.

Medicare tax is 2.9% and Social Security tax is 12.4%, for a total of 15.3%.

Interest and dividends are not included in the term "income."

58000 * 92.35% *15.3%

To multiply, convert the percentages to decimal form. You can accomplish this by multiplying each percentage by 100 or by moving the decimals over twice.

58000*.9235 * .153 = $8,195.

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Related Questions

Suppose the total benefit of watching 1 baseball game is 100, the total benefit of watching 2 games is 120, and the total benefit of watching 3 games is 125. in this case, the marginal benefit of watching the 3rd game is:

Answers

Final answer:

The marginal benefit of watching the 3rd baseball game is 5.

Explanation:

The marginal benefit of watching the 3rd baseball game can be calculated by observing the change in total benefit as the number of games watched increases. In this case:

Watching 1 game gives a total benefit of 100.

Watching 2 games gives a total benefit of 120.

Watching 3 games gives a total benefit of 125.

The marginal benefit of the 3rd game can be calculated as 125 (benefit of 3 games) - 120 (benefit of 2 games), which equals 5.

Understanding the _____ begins with analysis of market share.

Answers

Understanding the trend begins with analysis of market share. Trend analysis plays an very important part in market share analysis. With the help of trend analysis, one can have the idea, if the market is going to be bullish or bearish.

People in households with an annual income under $10,000 add to their income and recycling efforts when they collect cans and bottles. this represents

Answers

This represents A FUNCTION OF POVERTY.
A research study which was titled 'the effect of bottle law on income' reported that, households which earned less than $10,000 per year usually add an extra $340 to their income by collecting cans and bottles for recycling. Sociologists see this as a function of poverty.

When qualifying a buyer the lender will calculate the debt coverage ratio, which measures?

Answers

The debt coverage ratio is a measure of the cash flow available to pay the current debt obligations. This means that the lender is trying to figure out if the lender has enough money coming in so that they are not putting themselves into further debt.

Rico has been trying hard to get a certain building contract for his company. he talks to the government official who is managing the building contract allotment. rico promises the official a ‘treat' if he directs the contract to rico's company. rico can be found guilty of

Answers

bribing a government official. 

Rico has been trying hard to get a certain building contract for his company. Rico can be found guilty of bribery.

What do you mean by the building contract?

A construction contract is a written agreement between two parties that is mutually or legally binding and is based on rules and specifications. One or more property owners and one or more contractors are the two parties engaged.

Standard Form Contracts are agreements that use pre-printed, non-negotiated, standardized provisions. These are also known as "take it or leave it" contracts, "contracts of adhesion," or "boilerplate contracts."

Therefore, Rico has been trying hard to get a certain building contract for his company. he talks to the government official who is managing the building contract allotment. Rico promises the official a ‘treat' if he directs the contract to Rico's company. Rico can be found guilty of bribery.

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The liberal approach to economic development that prioritizes privatization, liberalization of trade and foreign direct investment, government deregulation in favor of open competition and broad tax reform is known as ________.

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the answer is Washington Consensus, refers to the set of neoliberal economic policy measures applied since the 1980s, which consisted of the fight against the public deficit through the reduction of spending, reforms to reduce tax progressivity, the privatization of public companies , the liberalization of trade and international capital markets, the minimization of the conditions for the entry of direct foreign investment and the deregulation of internal labor markets, among others.

how can you make yourself “visible” when telecommuting?

Answers

In order to appear visible when telecommuting, it is important to maintain relationships with managers and coworkers. Putting your name out there ensures people remember you. Make it a point to contact coworkers or managers with a personal phone call to increase visibility.

Contacting and talking with your co workers, keeping your name out there as well as being friendly couldn't hurt much hope this helps (:

_____ is high when customers have many choices and low when they have few choices.

Answers

Answer: Supply

Explanation:

Supply is something that is made available for use. Also, something needed or wanted.

I guess the proper answer is supply. The quantity of goods and services to be supplied will increase as customers' choices increase.

A good business person will make arrangements for availability of various different quantity of such goods and services demanded to meet the rising choices of customers. Since there are various choices made available for the customer, sales will increase as the customer sees what he/she is willing to buy.

When a business collapses only those who work directly for the business are impacted.

True or false.

Answers

the answer that you are looking for is true

Answer: False

Explanation: Share holders and buyers are also impacted.

In a group of 60 employees, some employees earn $75 per day, while others earn $100 per day. the total amount of weekly earnings for all 60 employees is $4,800. based on the information provided above, what is the ratio of employees earning $75 per day compared to those earning $100 per day?

Answers

Answer: 48 workers get paid $75 while 12 workers get paid $100 48 x 75 = 3600 12 x 100 = 1200 3600 + 1200 = 4800 divided by 60 equals $80 average

Flexibility development guidelines indicate that the final position for each exercise should be held for

Answers

Flexibility development guidelines are programs that consist of exercises to develop flexibility of the joints and overall body.
In a flexibility development program or guidelines indicate that the final position for each exercise should be held for 10 - 30 seconds. The recommended frequency of these exercises is at least 2-3 times/days a week.

Business managers are often overly confident of their own hiring ability because they are more likely to monitor the successes of people they hired than the achievements of those they rejected. this illustrates that overconfidence may be facilitated by:

Answers

Overconfidence may be facilitated by lack of evidence to dissuade the manager from their point of view. People see what they want to see. They believe they make good hires, but they usually don't follow the career trajectories of people they do not hire, so they have no basis on which to compare or evaluate them.

________ refers to the fact that consumers believe the more people who purchase a brand, the higher the brand's quality and that consumers believe global brands develop new products and technologies faster than local brands.

Answers

Answer:  "quality signal" .
_________________________________________________________
      
 
    " Quality signal " refers to the fact that consumers believe the more people who purchase a brand, the higher the brand's quality and that consumers believe global brands develop new products and technologies faster than local brands." 
_________________________________________________________
Source:  {text from within original question.}.
_________________________________________________________

C. explain the court's guidelines for deciding discrimination cases.

Answers

Generally, they will first look at what type of discrimination case the defendant commits first whether it is a race discrimination, gender, sex etc. If the case is identified, then the defendant becomes a suspect of the case. From there, an investigation as to whether the defendant has a good reason for the "discrimination" case will begin. If there is no valid reason for the defendant to treat the victim the way he or she did, then it will be confirmed that the defendant is guilty. 





what does it mean for a credit to transfer

Answers

Answer:

this is an amount of payment in which an amount of money or credit is directly transfered to another account

Answer:

That each academic institution will accept the credit a student earns for the class.

Explanation:

An employee at falcon security is studying an analysis of data regarding the occurrence of problems and failures with its drones and cameras. based on the​ analysis, the employee may schedule maintenance on the equipment. falcon security is using the analysis for​ __________.

Answers

An employee at Falcon Security is studying an analyst of data regarding the occurrence of problems and failures with its drones camera. Based on the analysis, the employee may schedule maintenance on the equipment Falcon Security is using the analysis to decision making.

Espinoza is sixteen, but looks much older. she purchases a diamond bracelet, but decides nine months later that it was unwise to spend the money, so she:

Answers

thinks about what she might do. She wonders if it would be possible to return the bracelet and get her money back. She goes online and researches the jewelry store's return policy. She locates her receipt. She decides she will return the bracelet. She thinks to herself that in the future she will put more thought into making extravagant jewelry purchases.

The weight of a candy bar in ounces is an example of

Answers

The weight of a candy bar in ounces is an example of quantitative data. Thus, option B is the correct option.

What are ounces?

An ounce can be defined as a measurement of wet that is being taken to measure something or some quantity. It is usually used to match or tally liquid material. oz is the abbreviation that is generally used to denote the ounces.

A quantitative data can be defined as the process in which the data can be counted. It is mainly a thing that can be counted or measured.

In order to weigh the Candy in ounces the measurement is done in ounces to help what the weight of the candies will be in this option the quantity data is being used which is the numerical data regarding the weight of the candy. Therefore option B is the correct option.

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Examples of fiscal policy that increase aggregate demand include​ ______.

Answers

Examples of fiscal policy that increase aggregate demand include an increase in government expenditure, a decrease in taxes, and and increase in transfer payments. Fiscal policy directly affects the aggregate demand of an economy which include consumption, investment, government spending, and net exports

Final answer:

Fiscal policies that boost aggregate demand typically involve reduced taxes and increased government spending as part of an expansionary fiscal approach, which is particularly effective during recessions to stimulate economic activity.

Explanation:

Examples of fiscal policy that increase aggregate demand include measures that involve expansionary fiscal policy. This means policies that result in increased government spending or decreased taxes, leading to higher demand in the economy. Notably, this can be achieved through:

Increase in consumption by reducing personal income taxes or payroll taxes, thereby increasing disposable income.

Increase in investment by cutting business taxes, which raises after-tax profits and encourages more spending on capital.

Government purchases of final goods and services, and higher federal grants to state and local governments, which elevates their spending on goods and services.

During times of recession, these policies are particularly relevant as they help stimulate economic activity and counter excessive unemployment by boosting aggregate demand. Conversely, contractionary fiscal policy includes reducing government spending or increasing taxes, and is often applied to cool down an overheated economy that is at risk of inflation.

The management task of ___ involves grouping related activities together and assigning employees to perform them.

Answers

I think its Staff managers but I'm not sure

When you know a firearm's effective killing range, you can determine: which animals you can hunt which stance to use when shooting whether you are aiming at the target when a shot will give a clean kill?

Answers

The answer that best fits the question is that 'when a shot will give a clean kill' because a firearm's killing range can be known or considered to be more effective if it has the capacity of providing a clean kill with only using a one shot and does not require for a second or more.

When you know a firearm's effective killing range, you can determine whether a shot will give a clean kill.

The effective killing range refers to the distance at which a firearm can reliably and ethically take down an animal with a clean and humane shot.

Understanding the effective killing range allows you to assess whether the distance to your target falls within the range where your firearm is accurate and powerful enough to deliver a lethal shot.

By knowing the effective killing range, you can make informed decisions about which animals you can hunt ethically.

Different firearms and ammunition have varying effective ranges, and it is essential to match the capabilities of your firearm to the size and distance of the game you are pursuing.

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Q 9.37: when should the gross profit method of inventory valuation not be used because it is invalid?

Answers

At  the  end  of  given  period the  gross  profit  method  is  required  to  estimate  inventory.The  valuation  become  invalid  when the  following  are  not  available.the  value   for   the  beginning of inventory,records  of  purchase  made, the  total  sale  during  the  period   and  the  gross  profit  margin.

In selling 300 acres of rural land to organic farms, peyton tells the buyer that the land "will be worth twice as much by next year." this is

Answers

Peyton is engaging in a sales strategy in which he would likely tell of the buyer that the land will increase twice as much in the following year if it has not been brought in which this strategy will be able to lure the buyer into thinking of whether he or she will buy the land or not.

Why is it important to match case subjects and control subjects so closely in a case-control study?

Answers

Final answer:

Matching case subjects and control subjects closely in a case-control study is important to eliminate the effects of confounding variables.

Explanation:

In a case-control study, it is important to match case subjects and control subjects closely to eliminate the effects of confounding variables. Confounding variables are factors that could influence the outcome being studied, but are not the main focus of the study. By matching case and control subjects, researchers can ensure that the only significant difference between the two groups is the presence or absence of the trait being studied. This allows for a more accurate assessment of the association between the trait and the outcome.

For example, in the smoking and lung cancer study, Doll and Hill matched lung cancer patients (cases) with people without lung cancer (controls) who were similar in age, sex, and other characteristics. This matching process helps rule out other factors that could contribute to the development of lung cancer, such as age or gender.

Keywords: case-control study, confounding variables, matching, lung cancer, smoking

A good example of a ______________ offense is selling alcoholic beverages to a minor

Answers

minor criminal offense, specifically a strict liability offense. Strict liability refers to an offense made regardless of the the intent of action. In other words, even if you have no malicious intent, you are still liable for the offense. Another example is possession of drugs. 

If your proprietary know-how of "green" processes is difficult to transfer to other firms, the most effective approach would be _______________. foreign direct investment or licensing licensing or exporting exporting or foreign direct investment

Answers

The most effective approach is to use a foreign direct investment. If the proprietary is having difficulty in transferring to other firms, it is best to invest in another country in which this may be able to provide business operations and assets that may be of benefit of the company.

What is the opportunity cost in this scenario? Mikael has saved $4,000 for his trip to Brazil. He has calculated that his total transportation expenses will be $1,000. The hotel will cost him another $1,500. He will spend about $500 on food. He plans on spending the remaining $1,000 for sight seeing and buying souvenirs. While booking his plane ticket, he realizes that the price has gone up. His total transportation expenses will go up by $200. He realizes that he cannot cancel his hotel reservation. He also doesn't want to go cheap on food. Finally, he decides to give up visiting popular Ouro Preto during his stay in brazil. A) Transportation B)Hotel C)Food D)Sightseeing

Answers

He gave up visiting the popular Ouro Preto so the Oppurtunity Cost is D) Sightseeing

Answer:

I think it is Sightseeing

Many innovative technology products are released as​ a(n) _____ test to allow usage and feedback from a small number of users who are willing to test the product under​ normal, everyday conditions of use.

Answers

beta A beta test is a test of a product (usually software) where the product is used by a small select population of users. This is done after glaring error and problems have been already fixed (alpha test), and that the developers desire people in the general population to test the product under normal everyday conditions to hopefully discover any bugs that happen under unexpected uses.

Assume you are participating in your employer's direct deposit program. On payday, the employer deposits your ________ into you bank account.

Answers

Revised and detailed edition.

A direct deposit program is a program that allows for the automatic deposit of your net earnings into the bank of your choice, so with this in mind one may deduce that your paycheck was deposited into your account. nowhere in this phrasing was it stated that you are the boss/owner so you are not depositing the net earnings (which is the total value of a business's income minus cost of goods, expenses, and taxes for an accounting period.) and the purpose of a direct deposit is essentially to cut out handing you a paycheck and having you go down to your bank and cashing/depositing it into your account. once again this leads me to believe the answer is PAYCHECK. If my reasoning is off, or not detailed enough please leave a comment and to the best of my abilities i will converse and elaborate with you in more lucid terms and further detail.
On payday, the employer deposit your NET PAY into your account.
The direct deposit program is a program which allow the employers to pay their employees salaries directly into their account on the pay day of every month. Employers usually liaised with banks to carry out this program. So, on every pay day, money is directly deposited into the employees bank accounts and they can cash it wherever they are.
Net pay refers to salary minus necessary deductions.

The amount you pay to use someone else's money is called

Answers

it should be a loan if thats one of the choices
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