If an individual is an employee and also has self-employment income, the maximum tax base for computing self-employment tax is reduced by the wages that are subject to the FICA tax.
Answer the following statement true (T) or false (F)
True
The Social Security maximum wage base will apply to the total of an individual's wages and self-employment income.
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On January 1, 2015, Corner Store, Inc issued $400,000, 10-year, 10% bonds for $354,200 . The bonds pay interest on June 30 and December 31 . The market rate is 12%. The cash payment on June 30, 2015 is
a. $20,000 . b. $21,200 . c. $24,000 . d. $17,710.
When a principal is partially disclosed:
a. the agent and principal will be jointly and severally liable on the contract. b. the agent and principal will be only jointly liable on the contract. c. only the principal can be liable. d. only the agent is liable.
Zoning application procedures need not have time limits for processing
Indicate whether the statement is true or false
In the entrepreneurial strategy matrix, the creation of something new and different is categorized as a(n)
a. innovation. b. risk. c. time lag. d. psychological commitment.