Why is it important for an owner to also be classified as an employee of the business
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
If an owner is considered to be an employee the owner can receive a tax deduct...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Concepts In Federal Taxation
ISBN: 9780324379556
19th Edition
Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher
Question Posted:
Students also viewed these Business Law questions
-
Why is it important for an organization to have a clear definition of diversity?
-
Why is it important for an international manager to understand the balance of payments?
-
Why is it important for a business to try to quantify the expected benefits of implementing a solution to a problem?
-
Measured along the surface of the water, a rectangular swimming pool has a length of 15 m. along this length, the flat bottom of the pool slopes downward at an angle of 11 below the horizontal, from...
-
Calculate the pH of a solution that contains the following analytical concentrations: (a) 0.225 M in H3PO4 and 0.414 M in NaH2PO4. (b) 0.0670 M in Na2SO3 and 0.0315 M in NaHSO3. (c) 0.640 M in...
-
A cylinder containing n mol of an ideal gas undergoes an adiabatic process. (a) Starting with the expression W = - fPdV and using the condition PVy = constant, show that the work done on the gas is
-
In Joule-Thomson effect, there will be a cooling effect when (a) \(\mu=-\mathrm{ve}\) (b) \(\mu=+\mathrm{ve}\) (c) \(\mu=\alpha\) (d) Indeterminate.
-
ABAX is a partnership owned by Alders, Byron, and Calvin, who share profits and losses in the ratio of 1:3:4. The account balances of the partnership at June 30 follow. Requirements 1. Prepare the...
-
How do hypervisors and containerization differ in their approach to virtualization? What are the security implications of each ? Explain
-
G. Kunz and Sons, Inc., manufactures two products used in the heavy equipment industry. Both products require manufacturing operations in two departments. The following are the production time (in...
-
Which entity(ies) is/are subject to double taxation?
-
Which entity form(s) recognize owners as employees of the business?
-
For calculating basic EPS which out of the following is used as denominator? (a) Existing weighted average number of ordinary shares (b) Prospective weighted average number of ordinary shares (c)...
-
As noted in this chapter, one of the Clean Air Act Amendments passed by the U.S. government in 1990 was designed to control the emission of hazardous air pollutants. The EPA released a publication...
-
The mineral unobtainium is a valuable nonrenewable resource with a total estimated supply of 74 million tons. Suppose that the inverse demand curve for the unobtainium in each of the two periods is P...
-
To implement portions of the 1990 Clean Air Act, the EPA adopted a distinctly corporatist approachnegotiating the regulatory details with representatives from industry, the states, and big...
-
In the United States, the flip side of increasing consumption over the last 30 years has been increasing hours of work. The increase in hours of work is surprising first because it goes against...
-
The U.S. Environmental Protection Agency (EPA) issues regulations covering the design and construction of landfills for municipal solid waste. Landfills can represent a threat to environmental health...
-
1: A tanning salon located near campus gives a 20% discount to students. Two women on your dorm floor have been using the tanning beds. When you question the safety of this practice, your friends...
-
Let (x) = x 2 - 9, g(x) = 2x, and h(x) = x - 3. Find each of the following. (((--) 2
-
The market consensus is that Pinto plc has an ROE of 9 per cent, a beta of 1.25, and plans to maintain its plowback ratio of 0.67. This years earnings per share was 3. The consensus view of the...
-
Sam said to Carol, Kim is going to sell me a good used car next Monday, then Ill deliver it to you in exchange for your microcomputer, but Id like to have the computer now. Relying on this statement,...
-
Sara, a lawyer, drew a deed for Robert by which Robert was to convey land to Rick. The deed was correct in every detail. Robert examined and verbally approved it but did not sign it. Sara erased...
-
Ann took Bonnies watch before Bonnie was aware of the theft. Bonnie discovered her loss immediately and pursued Ann. Ann pointed a loaded pistol at Bonnie, who, in fear of being shot, allowed Ann to...
-
This is for my Organizational Behavior class. This is due by midnight tonight, July 30. Please help!! The organization I have chosen is a rural health care facility...a clinic. What are the basic...
-
What are the functions of organizational culture? Use your own experience in an organization (workplace, school, gym, etc.) to explain how organizational culture contributes either positively or...
-
In 2 0 2 4 , Bratten Fitness Company made the following cash purchases: The exclusive right to manufacture and sell the X - Core workout equipment from Symmetry Corporation for $ 2 1 8 , 0 0 0 ....
Study smarter with the SolutionInn App