Choosing the Best Tax Entity for a Small Business Essay

Choosing the Best Tax Entity for a Small Business - Essay Example For this reason, the article recommends this type of entity to first time business owners. On the negative side, however, sole proprietorships face "unlimited personal liability" and "15.3% self-employment tax on all earnings up to $80,400." If the business is legally risky, the personal liability issue is a major obstacle. A general partnership, on the other hand, is characterized by Anthony as "a good way to participate in a venture with other individuals without having to deal with payroll issues." The partners also have great freedom in the distribution of profits amongst themselves as long as a consensus is reached. Nevertheless, this entity shares the problem of self-employment tax with sole proprietorships, and all partners can be held liable for the actions of the others. The central benefit of an S corporation is that there is "no Social Security or Medicare taxes on profits or dividends from the corporation to shareholders." However, the business owners' benefits are not deductible. In a C corporation, on the other hand, all health insurance is deductible, and there is access to a lower tax rate for profits kept in the corporation.

Common core assignment Example | Topics and Well Written Essays - 1250 words

Common core - Assignment Example 312 shows that 25 is greater than 12. 1+8=11-2, illustrates that the sum of 1 and 8, is equal to the difference 11 and 2. Geometry is the final topic illustrated in the book. The topic has three major subcomponents. Firstly, students are required to understand and construct shapes with several attributes. For instance, a rectangle has four equal sides with four equal angles. There are eight Mathematical practice standards, as illustrated by the P-12 common core mathematics standards. The standards aim at enhancing the teaching and effective understanding of mathematical concepts (Higgs, 2002). This paper focuses on analyzing the Mathematics practice at the second learning grade. The first standard entails understanding and striving to solve a problem. The grade two students depend on objects and pictures to effectively analyze and solve problems. For example, drawing and counting circle to assist in solving simple sums like 3+5=8. The leaner draws s circles, and then another five circles. The answer is achieved by counting all the eight circles. The second standard entails reasoning quantitatively. Quantitative reasoning involves developing adequate representation of the mathematical problem, analyzing the units involved, and knowing meaning of quantities. Quantitative aspect also entails understanding and flexibly applying several operations properties . 3+1=4, illustrates analysis of the addition unit. The third standard is making viable arguments, and also critiquing the quantitative opinion of others. The second grade learners have the ability of reasoning inductively concerning data. The students can develop arguments through applying concrete referents like actions, drawings and objects. The students can learn, read and also listen to the arguments of peers and also the teachers. The second grade students can effectively identify a