Brett Works as a Mild-Mannered Reporter by Day and a Self-Employed

question 7

Multiple Choice

Brett works as a mild-mannered reporter by day and a self-employed superstar guitar hero at night.He estimates that his current year taxes,including self-employment taxes,will be $13,600 based on his adjusted gross income of $60,000.Brett also estimates that his current year withholding from his newspaper job will be $4,000.His tax liability in the prior year was $10,500.What is the calculation that yields the minimum amount of estimated payments that Brett should make for the current year?

• A)Brett does not need to make any estimated payments.
• B)90 percent of current year taxes.
• C)100 percent of last year taxes.
• D)110 percent of last year's taxes.

Comprehend the concept of social capital and its types in maintaining and leveraging social relationships.

Grasp the distinction between the costs associated with campaign assets and the investments reaching the target audience.

Understand the importance and execution of integrated marketing communications and its elements.

Grasp the value of strategic planning and its impact on marketing success.

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Definitions:

Licensing

A business arrangement in which one party allows another to use its trademark, patent, or technology in exchange for a fee or royalty.

Franchising

A method of doing business wherein a franchisor licenses trademarks and proven methods of doing business to a franchisee in exchange for a recurring payment, and usually a percentage of gross sales or gross profits as well as the annual fees.

Indirect Exporting

The process of selling products to a foreign market through an intermediary, such as an export trading company or an export management company, rather than directly to the consumer or retailer.

Direct Exporting

A method of entering a foreign market by selling goods directly to customers in another country, bypassing any intermediaries.