What is his self-employment income?

Brent is a general partner in BC Partnership. His distributive share of partnership income and his guaranteed payment for the year are as follows:







A) $84,000

B) $66,000

C) $48,000

D) $36,000


B) $66,000

($30,000 + $36,000)

Business

You might also like to view...

Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 9238. The FICA tax for social security is 6.2% of the first $128,400 of employee earnings each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1532.87. Her net pay for the month is: (Round your intermediate calculations to two decimal places.)

A. $6566.00 B. $5033.13 C. $6998.42 D. $7571.18 E. $6564.42

Business

Which of the following statements about the adopter categories is true?

A) More than 50 percent of the population is classified as late majority adopters. B) Early adopters are risk aversive. C) Early majority adopters are typically middle class and like to buy established products. D) Innovators are a much larger group than laggards. E) Late majority adopters are typically unconcerned about social acceptance.

Business

Describe the global product form, explain why a company might adopt this form, and identify the disadvantages of this structure?

What will be an ideal response?

Business

The similar jar shapes for mayonnaise products are an example of category-consistent packaging.

Answer the following statement true (T) or false (F)

Business