By hiring your children, you can
pay low wages.

show how much you care.

transfer wealth without estate taxes.

avoid payroll taxes.

Answers

Answer 1

Answer:

Avoid payroll taxes

Explanation:

In hiring your children to work for you, you can avoid payroll taxes as long as they are legitimate employees. This therefore means that one can deduct the children's salary from the business income and then write it down as a business expense. That way, the employer does not have to pay taxes on the salary. The taxes are medicare and /or social security taxes.

In hiring your children, certain rules have to be followed and they include: the child must be a real employee, compensation must be reasonable and you must comply with the legal requirements for employers.

Cheers.


Related Questions

I’m marking the brainliest :))

Answers

Answer:

anything below 40 is right, so it's A

Answer:

Choice A

Explanation:

It is 40 degrees or colder.

Please mark BRAINLIEST!

Which of the following best explains how a recovery period leads to a boom?

A. A natural disaster resulting in greater demand for housing
construction.

B. A decrease in unemployment resulting from low production costs.

C. An increase in consumer demand resulting from a reduction in prices.

D. A reduction in consumer demand resulting from hyperinflation.

The answer is C. An increase in consumer demand resulting from a reduction in prices.​

Answers

Answer:

C. An increase in consumer demand resulting from a reduction in prices .

Explanation:

when prices decline the consumer demand quantity increases.

Answer:

an increase  in consumer  demand result from a reduction in prices

Explanation:

Explain the challenges sole proprietors face when considering whether to expand their business.

Answers

Answer:

• Difficulty in obtaining finance

•Unlimited liability risk

• Assuming too many roles

• Heavy decisions making burden

•Going concern

Explanation:

• Difficulty in obtaining finance is one of the many challenges faced by sole proprietors as he seek business expansion. The risk involved in being a sole proprietor is much hence lenders often find it difficult to finance their business.

•Unlimited liability risk is also a challenge against business expansion for a sole proprietor because he faces the risk of loosing his personal assets and that of the business should the business goes bankrupt or liquidate.

• Assuming too many roles poses as challenge to a sole proprietor as he expand his business. In this case, he becomes the manager, customer attendant, cashier etc all of which will become burden on his as the business grows.

• Heavy decisions making burden. A sole proprietor is responsible for making all the decisions regarding his business hence will affect the business as it expands. Some business decisions requires professional advice else the business will collapse in the long run which is often the case with sole proprietors.

• Going concern is an accounting principle which states that a business will continue to exist and into the foreseeable future which is not the case with a sole business owner as his death ends the existence of the business hence a factor against business expansion.

Full-time employees must have money deducted from their paychecks for

car insurance premiums.

contributions to charity.

federal income tax.

savings.

Answers

The correct answer is C. Federal income tax

Explanation:

The term "deduction" is used to describe money that is taken from your salary. In the case of full-time jobs in the U.S. salary deductions include deductions for income taxes including the federal income tax and deductions for Social security taxes because all of these taxes are established by the U.S. government and this is closely related to the amount of money you earn or your salary. Also, others such as savings, contributions to charity, etc. are not mandatory deductions. Thus, full-time employees must have money deducted from their paychecks for federal income tax.

Find the total cost, rounded to the nearest cent, of 3.9 pounds of corned beef at $5.49 per pound and 4.6 pounds of pastrami at $4.95 per pound.

Answers

Answer: $44.18

Explanation:

Given the following :

Cost of corned beef per pound = $5.49

Cost of pastrami per pound = $4.95

Pound of corned beef = 3.9 pounds

Pound of pastrami = 4.6 pounds

Therefore ;

Total cost = (cost per pound × number of pound)

Total Cost of corned beef = 3.9 × $5.49 = $21.411

Total cost of pastrami = 4.6 × $4.95 = $22.77

Total cost of corned beef and pastrami :

$21.411 + $22.77 = $44.181

$44.18

2 features of public limited companies

Answers

Led by Board of Directors and life span




Hope this helped!

starting up a lemonade stand

Answers

Answer:

STEP 1:

Plan your business

STEP 2:

Form a legal entitity

Step 3:

Register for taxes

STEP 4:

Open a business account and credit card

STEP 5:

Set up business accounting

STEP 6:

Obtain necessary permits and licences

STEP 7:

Get a business insurance

STEP 8:

Define your brand

STEP 9:

Establish your web presence.

Explanation:

I hope this is what you mean

Step 2 is the answer

In order to calculate _____ using cost plus markup, a seller needs to know two things the cost of the item in the market.

A. Market share

B. Selling price

C. Number of sales per month

D. Tax rate

Answers

it would be selling price

Answer:selling price b

Explanation:

Definitley marking the brainliest ASAP

Answers

Answer:

It's A im thinking

Explanation:

Answer:

Choice A

Explanation:

Two ours should be maximum, otherwise the food might be contaminated, after two hours.

Please mark BRAINLIEST!

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