Mcdonald's has approximately 33,000 local restaurants and on a daily basis serves 68,000,000 people.
on december 1 derrick, incorporated, pays $800 to lease a copier for use in its corporate offices during the month of december. complete the necessary journal entry by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns.
On December 1 derrick, incorporated, pays $800 to lease a copier for use in its corporate offices during the month of December Rental expense(d)800 cash(c)800.
What is Expense?An expenditure is a business's operational cost incurred to produce income. It may be simply described as the price one must pay to acquire something. It takes money to make money, as the adage goes.
Supplier payments, staff salaries, manufacturing leases, and equipment depreciation are examples of frequent costs. Firms are permitted to deduct tax-deductible costs from their taxable income on their income tax returns in order to reduce their tax burden. The Internal Revenue Service (IRS) has rigorous guidelines about which expenses businesses may deduct, though.
Profit maximization is one of the top priorities for management teams in businesses. Increasing income while controlling costs, is accomplished. Cutting expenses might enable businesses to increase their sales revenue.
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As part of a sdlc systems investigation, most companies perform a three-part ________ ________ to assess whether a given solution best fits a business problem.
A structured process known as the Software Development Life Cycle (SDLC) enables the fastest possible production of high-quality, low-cost software.
What is SDLC and example?The term "Software Development Life Cycle" (SDLC) refers to a methodology for producing high-quality software that includes well-defined processes. The phases of software development that the SDLC approach focuses on in depth are as follows: analysis of requirements. Planning. similar to architectural design, software design.In order to make sure that good RM practices are incorporated into the development of its proposed IT systems, the agency may propose to implement records management review and approval at specific points in the SDLC process that are identified by the checklist.The software life cycle is represented pictorially and diagrammatically by a software life cycle model, also known as a process model. A life cycle model depicts every procedure needed to move a software product through each stage of its life cycle.To Learn more About SDLC Refer To:
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what particular governance devices are helping or hindering good governance in these countries that are changing their governance systems?
In these nations revising their governance systems, the tools of governance that aid or obstruct effective governance are Taxes and benefits
Explain about the Taxes?The term "business taxation" refers to the taxes that companies are required to pay as a regular aspect of conducting business. Your firm is in charge of following tax laws whether you are a sole proprietor, partner, a member of a limited liability company, or a corporation.
Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
A stable society is necessary for business, and business should contribute. Businesses must pay taxes on their income as well as on their output, employees, assets, and environmental effect.
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Which of the major process steps in the process of applications acquisition considers options such as build, buy, lease and partner?.
Major process steps in the process of applications acquisition consider options such as build, buy, lease, and partner project Identification, Justification, and Planning.
A assignment is any task, performed for my part or collaboratively and probable involving research or design, this is cautiously planned to achieve a specific aim. An opportunity view sees an assignment managerially as a chain of events: a "set of interrelated obligations to be completed over a hard and fast duration and inside sure price and other boundaries". A task can be a brief (in preference to a everlasting) social machine (paintings device), probable staffed by using teams (within or throughout companies) to accomplish precise responsibilities beneath time constraints. A project may also shape a part of wider application management[4] or function as an advert hoc gadget. Note that open-supply software "initiatives" or artists' musical "projects" (for example) might also lack defined crew membership, specific planning, and/or time-constrained periods.
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You open an investment account that earns a nominal interest rate of 4. 2% a year. The current consumer price index is 108. In one year, the consumer price index is expected to go to 106. What is your expected real rate of return?
The return percentage that investor obtains or anticipates receiving on an investment after accounting for inflation is known as the real rate of return.
Explain about the rate of return?
A rate of return is the net gain or loss of an investment over a specified time period expressed as a portion of the investment's initial cost. 1 When calculating the rate of return, you decide what percentage changed from the beginning of the period to the conclusion.
The percentage change in an investment's value is represented by the annual rate of return. For instance, if you estimate a 10% annual rate of return, you're anticipating that your investment's value would rise by 10% annually.
"ROI = 100% * Net Profit/Cost of Investment" is the fundamental ROI calculation. This methodology requires you to figure out your investment's net profit and its entire cost in order to compute the ROI.
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the sequence of firms that perform activities required to create and deliver a product or service to ultimate consumers or industrial users is:
A supply chain is a helps in perform
different types of activities to deliver
products or services to ultimate consumers.
A supply chain includes a chain of steps
to finally deliver different product or
service to the end user. The steps involves movement and transformation of raw materials into finished products, transporting those products, and finally distributing them to consumers.Hence, a supply chain is a helps in perform different types of activities to deliver products or services to ultimate consumers.Thus,the sequence of firms that perform activities required to create and deliver a product or service to ultimate consumers or industrial users is supply chain.
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the ethical argument against international trade can best be explained as an increase in international trade leading to:
Increase in international trade leading to factor endowments and productivity, trade policy, exchange rates, foreign currency reserves, inflation, and demand.
What is international trade ?The exchange or trade of products and services between various countries is referred to as international trade. The global economy benefits from and is strengthened by this type of commerce. The most frequently exchanged products are things like televisions, clothing, capital goods, food, raw materials, and machinery.Services including foreign transportation, travel and tourism, banking, warehousing, communication, distribution, and advertising have all seen a notable growth in the volume of international commerce. The growth of foreign investments and the creation of foreign goods and services in a global nation are additional equally significant trendThese multinational investments and outputs enable businesses to deliver goods and services to their global clients at highly competitive prices.Learn more about International trade refer :
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The united states and canada conduct broad-based trade with each other. Which aspect of natural capital allows for this trade?.
The united states and Canada conduct broad-based trade with each other. The aspect of natural capital that allows for this trade is Location.
What is trade?Trade involves the transfer of goods and services from one person or entity to another, often for money. Economists refer to a market as a system or network that makes business possible.
An early form of trade, barter, involved the direct exchange of goods and services for other goods and services, i.e. exchange of goods without money. Modern businessmen usually negotiate with an exchange such as money. As a result, buying can be separated from selling or earning. The invention of money greatly facilitated and promoted trade. A trade between two traders is called a bilateral trade, while a trade involving more than two traders is called a multilateral trade.
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wendy traveled to france and converted u.s. dollars into euros when the exchange rate was usd 1.42 for each euro. when wendy returned from france, she had some euros left over and converted them back into u.s. dollars. at that time, one dollar was worth .77 euros. wendy wants to know if she made or lost money on the euros she exchanged back into u.s. dollars. you inform her that
The answer is the dollar has strengthened, and she lost money while converting euros to dollars.
She converted euros into dollars when rates were 1.42 while converting euros into dollars when the rates were 0.77 thus, she would have preferred the euro to strengthen against the dollar; that way, she could have received more dollars. here dollar has strengthened, and she lost money while converting euros to dollars. Thus she is at the loss.
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the proposition that increases in government spending that raise the government budget deficit has no effect on aggregate demand is called the
According to the economic theory known as Ricardian equivalence, increasing government deficit spending won't increase demand as expected.
The Ricardian equivalence theory is what.According to the principle of Ricardian equivalence, any rise in public debt will be covered by increased private saving, and any decrease in public debt will be countered by decreased private saving. This hypothesis is sometimes accurate and other times it is completely false.According to the Ricardian equivalence, government deficit spending is comparable to expenditure from current taxation. Taxpayers will save aside money in order to pay anticipated future taxes, which will tend to counteract the macroeconomic consequences of higher government spending.Equivalence theorem in Ricardianism,The claim that there is no impact of rising government budget deficit on overall demand. the cause of the offset People modify their expenditure in response to the expectation that more taxes in the future will result from today's larger deficit.
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_________ measures management effectiveness in generating profits with its available assets by dividing the net income generated by a project by the average assets invested in the project.
ROI measures management effectiveness in generating profits with its available assets by dividing the net income generated by a project by the average assets invested in the project.
What Is Return on Investment (ROI)?A common profitability statistic used to assess how well an investment has done is return on investment (ROI).By dividing an investment's net profit (or loss) by its initial cost or outlay, ROI is expressed as a percentage.ROI can be used to rate investments in various projects or assets and create apples-to-apples comparisons.ROI does not account for time passing or the holding duration, which means it may not account for the opportunity costs of investing elsewhere.If there are other opportunities accessible, it is important to analyze whether anything provides a decent ROI.Because of its adaptability and simplicity, ROI is a well-liked metric. In essence, ROI serves as a basic indicator of an investment's profitability. This could be the return on investment (ROI) from a stock purchase, the ROI a business anticipates from expanding a manufacturing, or the ROI produced in a real estate deal.To learn more about return on investment, refer to
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because commercial banks hold a high level of deposits that can be liquidated by depositors on demand, these banks are exposed to a high degree of
Commercial banks are subject to a high level of liquidity risk since they maintain a significant amount of deposits that can be withdrawn on demand by depositors.
The danger of suffering losses as a result of not being able to make payments on time when they are due or not being able to do so at a reasonable cost is known as liquidity risk.
The capacity of a bank to fulfill its cash and collateral obligations without suffering intolerable losses is known as liquidity. Liquidity risk is the threat to a bank's financial position or very existence posed by its failure to fulfill obligations, whether actual or perceived.
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according to the vrio framework, for a value chain to provide an organization a competitive advantage, it must have what four capabilities?
The four capabilities of VRIO frameworks are valuable, rare, imperfectly imitable and non-substitutable.
What is VRIO framework ?Every business is designed to provide a certain benefit or resource to its target market. The VRIO framework is an internal examination that aids companies in discovering the benefits and assets that offer them a competitive edge.The acronym for the many success metrics that apply to your organization is the VRIO framework. Value, rarity, copyability, and organization are all included.These four areas serve as indicators of the distinctive worth and assets that make up your company, and a review of their data may show you what the long-term benefits are for your firm.The basic goal of the VRIO framework is to recognize these components; after doing so, you may move on to asking more detailed inquiries to get additional information about them.Learn more about VRIO framework refer :
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if a pack of cigarettes currently costs $5 and the government wants to reduce smoking by 10%, it should increase the price by [ select ] .
The government should increase the price by 22.22% to reduce smoking by 10%
Price elasticity of demand (PED) is a measure of how responsive demand is to a change in the price of a good. It is calculated as the percentage change in the quantity demanded divided by the percentage change in the price:
[tex]{}PED = \frac{\%\Delta{Q_d}}{\%\Delta{P}}\\ {}[/tex]
If a pack of cigarettes currently costs $5 and the government wants to reduce smoking by 10%, it should increase the price by 15%. The PED is typically measured in absolute terms because it is always assumed to be negative (because of the law of demand). So for simplicity, the negative was applied to the PED from the equation above.
[tex]{}PED = \frac{\%\Delta{Q_d}}{\%\Delta{P}}\\ -0.9 = \frac{-10}{\%\Delta{P}}\\ \%\Delta{P} = \frac{-20}{-0.8}\\ \%\Delta{P} = 22.22 {}[/tex]
So, the percentage change in price = 22.22%
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profit maximization with price discrimination involves firms applying marginal analysis separately for each distinct group of buyers. true false
False, maximize total profit by maximizing profit for each group separately.
What is the total profit at the quantity that maximizes profit?
The maximum total profit is achieved when marginal revenue and marginal expense are equal. The maximum profit in this illustration happens at 5 units of production. The level of output that maximizes profits for a perfectly competitive firm is found at MR = MC.What is the profit-maximizing strategy?
To ensure the best output and price levels are realized in order to maximize returns, business firms engage in the process of profit maximization. In order to achieve its profit objectives, the company modifies important variables like sale price, production costs, and output levels.Learn more about profit maximization method
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home brand products, inc., in its ads, makes claims about its products that are obvious exaggerations and claims that are false but appear to be true. home brand may be subject to sanctions for
Home brand may be subject to sanctions for only the claims. a product that is packaged and marketed under a certain retailer's brand name rather than the manufacturer's, typically a major supermarket chain. b. (as a modifier) Items under the home brand.
A branded product is one that bears the maker's label and is created by a reputable manufacturer marketed Oftentimes, supermarket brands are less expensive than name brands. regional advice: utilise name-brand products in the morning. Own brands are goods that have the name or label of the retailer who sells them, most often a chain of supermarkets. They frequently cost less than other well-known brands.
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multiple answer questions 1. within the financial structure, typical functions or departments found in a modern organization include which of the following? a. purchasing b. operations c. internships d. finance e. marketing answer: a, b, d, e difficulty: medium page reference: 1 section: the functional organizational structure practice: yes 2. which of the following are steps within a generic business process of an organization? a. payment b. trigger c. shipment d. outcome e. confirmatio
Within the economic structure, normal capabilities or departments located in a contemporary-day agency include purchasing, operations, finance and advertising.
The required details for Marketing in given paragraph
Marketing is the technique of exploring, creating, and handing over fee to fulfill the desires of a goal marketplace in phrases of products and services; doubtlessly consisting of choice of a goal audience; choice of sure attributes or issues to emphasize in marketing and marketing; operation of marketing and marketing campaigns; attendance at alternate shows and public events; design of merchandise and packaging appealing to buyers; defining the phrases of sale, such as price, discounts, warranty, and go back policy; product placement in media or with humans believed to steer the shopping for behavior of others; agreements with retailers, wholesale distributors, or resellers; and tries to create consciousness of, loyalty to, and effective emotions approximately a brand. Marketing is usually completed through the seller, usually a store or manufacturer. Sometimes duties are shrunk to a devoted advertising company or marketing and marketing agency. More rarely, a alternate association or authorities agency advertises on behalf of a whole enterprise or locality, regularly a particular kind of meals , meals from a particular area, or a metropolis or place as a tourism destination.
It is one of the number one additives of commercial enterprise management and commerce. Marketers can direct their product to different businesses or without delay to consumers.
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explain what will happen if the price of the stock increases to $24.00. describe the underwriter profits from the overallotment option in your explanation. enter your answer in millions. for example, an answer of $1.23 million should be entered as 1.23, not 1,230,000. do not round intermediate calculations. round your answer to two decimal places.
A inventory is a well known time period used to explain the possession certificate of any company.
The required details for Stocks in given paragraph
1. If the inventory fee will increase to $24.00 within side the secondary market, the underwriter will exercising its choice and the underwriter income will be
Profit = (Shares Offered * Overallotment choice * IPO Price * Spread)
Profit = (17000000 * 15% * 18 * 7%)
Profit = 3213000 or 3.213 M
2. If the inventory fee decreases to $12.50 within side the secondary market, the underwriter will not exercising its choice and the underwriter income will be $14.half million.
Profit = (Shares Offered * Overallotment choice * (IPO Price - Market Price))
Profit = (17000000 * 15% * (18 - 12.50))
Profit = 14.half M
Units of inventory are called "shares" which entitles the proprietor to a share of the corporation's assets and earnings same to how a whole lot inventory they own. Stocks are sold and offered predominantly on inventory exchanges and are the inspiration of many person traders' portfolios.
Stock trades ought to comply with authorities rules intended to guard traders from fraudulent practices.
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A fast-fashion company may run a risk of hiring low cost vendors who supply at rock-bottom prices at the cost of unfair labor practices. This is an example of.
A fast-fashion company may risk hiring low-cost vendors who supply rock-bottom prices at the cost of unfair labor practices. This is an example of unethical labor exploitation.
An unethical labor practice refers to the set of movements carried out via an organization or a union that violates the national exertions relations Act (NLRA). The national hard work relations Board (NLRB) has evolved an in depth list of organization actions that it regards as wrongful mishandling of an character worker's labor rights.
There are 5 categories of unfair labor practices namely interference, restraint or coercion, enterprise domination, discrimination on part of hard work interest, refusal to good deal, and discrimination in retaliation for drawing close NLRB.
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suppose the government decreases taxes. what will happen to disposable income and consumer spending?
When government decreases private taxes, it will increase consumer spending, which stimulates combination demand, and causes some actual GDP growth. That growth creates jobs, and greater people earn income.
What takes place when the government decreases taxes?When the government decreases taxes, disposable earnings increases. That translates to greater demand (spending) and expanded manufacturing (GDP). So, the fiscal coverage prescription for a sluggish economy and excessive unemployment is decrease taxes.
What are the advantages of reducing taxes?In general, tax cuts improve the economy by way of inserting extra money into circulation. They also extend the deficit if they aren't offset by way of spending cuts. As a result, tax cuts improve the economy in the short-term, but, if they lead to an extend in the federal debt, they will depress the economy in the long-term
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https://brainly.com/question/24245749#SPJ4if i signed the contract for a new car, but never took possession of the car, can i cancel the deal?
Yes. Only after the bank has funded the deal can you no longer change your mind. The car is not legally yours if you haven't taken "delivery" of it.
Can you cancel a car purchase after you've signed?You may be aware of the federal right of withdrawal that applies to some purchases. There is such a regulation, but its primary goal is to protect consumers against pushy door-to-door sales tactics. Vehicles are expressly excluded from its application. In other words, as soon as you signed the sales contract, you officially own the automobile.
How do you cancel a car purchase?The accord can yet be rejected. You must return the car to the dealer to finish the purchase, and they should then return your trade-in and down payment. Regarding how this should take place, each state has its own legislation.
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If the required reserve ratio is 10 percent, currency in circulation is $400 billion, checkable deposits are $1000 billion, and excess reserves total $1 billion, then the monetary base is.
The monetary base is $501 billion if the required ratio is 10%.
What is the Monetary base?
We know that,
M1 Multiplier
=1+c/r+c+e
Monetary base is =r+c
hence it becomes 501 billion
An essential idea in monetary economics is shown by the definition of the monetary base. Every nation has a central bank that creates, regulates, and oversees the flow of currency. For instance, the US monetary base is managed by the Federal Reserve, which is the country's central bank.Open market operations or conventional monetary policy measures are used by central banks to regulate the MB. For instance, the US's MB value varies when the Federal Reserve buys and sells US Treasury Bonds. through making open-market purchases of government bonds.To learn more about the monetary base refer to:
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which of the following statements is correct? a. aggregate demand is the total demand for final goods and services in an economy at a given time. b. the level of output in the short run is known as aggregate demand. c. the ad curve shows that the aggregate output demanded is unrelated to the aggregate price level. d. the ad curve is always vertical.
Aggregate demand is the total demand for final goods and services in an economy at a given time.
An economic system is a place of production, distribution and alternative, in addition to the intake of products and offerings. In trendy, it's miles defined as a social domain that emphasizes the practices, discourses, and material expressions related to the manufacturing, use, and control of scarce sources.[1] A given economy is a set of approaches that entails its subculture, values, education, technological evolution, records, social organization, political shape, prison systems, and herbal assets as essential elements. Those factors supply context, and content material, and set the conditions and parameters wherein a financial system features. In different phrases, the economic area is a social domain of interrelated human practices and transactions that does not stand by myself.
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an organization is working on their gdpr compliance strategy. it wants to ensure that controls are in place to ensure that personally identifiable information (pii) is stored in cloud storage buckets without third-party exposure. which cloud solution should the organization use to verify that pii is stored in the correct place without exposing pii internally?
Personal data, also known as personal information or personally identifiable information (PII), is any information relating to an identifiable person.
PII explanationThe abbreviation PII is widely understood in the United States, but the abbreviated phrase has four common variants based on personal or personal, and identifiable or identifying. Not all are equal, so for legal purposes the definitions vary widely depending on jurisdiction and purpose. Under European Union and other data protection rules, which primarily center on the General Data Protection Regulation (GDPR), the term "personal data" is significantly broader, and defines the scope within which such regulations apply.
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a city issues $5 million of long-term general obligation bonds to construct a new fire house. how and where should that transaction be recorded
A city issues $5 million of long-term general obligation bonds to construct a new firehouse. This should be recorded as (D) another financing source in the capital projects fund.
What are long-term general obligation bonds?Bonds with general obligations and other long-term obligations backed by general income are debts of the county as a whole, not of its several funds. The General Long-Term Liabilities Accounts should be used to record and account for the total amount of unpaid long-term debt.General obligation bonds, commonly known as GOs, are municipal bonds that give state and local governments a way to raise money for initiatives that might not immediately produce an income stream.For instance, a city may decide to build a new fire station by issuing $5 million in long-term general obligation bonds. The deal needs to be listed in the capital projects fund as another financing source.Therefore, a city issues $5 million of long-term general obligation bonds to construct a new firehouse. This should be recorded as (D) another financing source in the capital projects fund.
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Complete question:
A city issues $5 million of long-term general obligation bonds to construct a new fire house. How and where should that transaction be recorded?
a. as another financing source in the debt service fund
b. as a liability in the capital projects fund
c. as a liability in the debt service fund
d. as another financing source in the capital projects fund
which of these statements regarding unit investment trusts (uits) is correct? a) units in a uit are priced in the secondary market at a premium or discount to nav. b) uits are actively managed, as portfolio managers typically attempt to match the return of a stated index. c) at the maturity date of the portfolio, the securities are generally liquidated, and the proceeds are distributed to the investors or trust beneficiaries. d) the majority of uit offerings are listed on the major stock exchanges.
Units are actively managed, as portfolio managers typically attempt to match the return of a stated index
What is portfolio manager ?A portfolio manager (PM) is a qualified individual tasked with selecting investments and carrying out related tasks on behalf of invested people or organizations. Clients put their money into a retirement fund, endowment fund, or education fund as part of the PM's investing strategy in order to develop it in the future.
PMs are in charge of developing an investment strategy, choosing the right investments, and properly allocating each investment to an investment fund or asset management vehicle. They collaborate with a team of analysts and researchers to carry out these tasks.
An investment manager's objective is to generate a return that is higher than the return anticipated given the level of risk. Investors can keep track of this return through performance reports given by the PM on a weekly, monthly, quarterly, or annual basis. A performance benchmark or a comparison of the manager's investment approach to an index may be established.
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mega corporation repurchased 1,000 shares of its $1 par value common stock for $8,000. the effect of this transaction on the accounting equation includes a(n) . (check all that apply.)
mega corporation repurchased 1,000 shares of its $1 par value common stock for $8,000. the effect of this transaction on the accounting equation includes a decrease in assets.
What is a decrease in assets?The asset account gets smaller as a corporation uses up or consumes an asset in its operations. Assets that a company consumes include money, supplies, receivables, and pre-paid expenses. For instance, if your small business paid $100 for a power payment, you might credit Cash by $100 to reduce the account.
Any asset reduction that provides a funding source counts as an inflow of cash. Decreases in accounts receivable show that money has been collected. Inventory reductions indicate that products have been sold.
Thus, it is decrease in assets.
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hiroko's manager asks why hiroko spends time working on her new app campaign. the manager believes machine learning is doing everything. what are three ways in which hiroko can help guide the machine learning powered campaign?
Set boundaries, offer a tonne of reliable data, and evolve the plan are the correct answer.
Setting the proper boundaries is the first of three key benchmarks that will help you achieve greatness in your App marketing. Setting an acceptable offer and budget is the simplest approach for a marketer to direct machine learning toward success.
Make sure to offer the machine learning system the two things it needs most, data and time to learn from that data, after you've set the bid and budget for your app campaign.
Many of the processes needed in managing an App campaign are automated by machine learning, but you still can't "set it and forget it."
Your role as a marketer is to establish the boundaries in accordance with the likelihood that the strategy guiding your App campaigns will change over time.
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which of these describe a market where price elasticity is more negative than -1.0? multiple select question. the market is referred to as being inelastic. the market is referred to as being elastic. the market is viewed to be price-insensitive. the market is viewed to be price-sensitive.
Price elasticity in business and economics refers to how much people, consumers, or producers alter their demand or the quantity supplied in reaction to changes in price or income. Hence Option B is correct.
What is Price Elasticity ?It is mostly used to evaluate how consumer demand has changed as a result of a price change for a good or service.
Elasticity is a term used in economics to describe how much one economic variable changes in reaction to a change in another. If a product's price elasticity of demand is negative two, a 10% price rise results in a 20% decrease in demand.
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Compare how medicare taxes are paid by individuals who are employees to those who are self-employed. (1 point).
Answer:Employees pay half(1.45%) of the Medicare tax while the employer pays the other half. Self-employed individuals pay for both halves of the tax (2.9%).
Explanation:employees and the employer share the 2.9% Medicare tax, so the employee pays half or roughly 1.45%. Being self employed you are the employee and the employer which means you have to pay them both(2.9%).
This is an insurance which is deducted from wages and salaries in order to cater for healthcare.
How Much Does Medicare pay self-employed?The rate of self-employment taxation is 15.3%.The rate is divided into two components: 12.4% for social security (old-age, survivors', and disability insurance) and 2.9% for Medicare (hospital insurance). In cases where people are self-employed they pay both halves of the tax while in situations where they have an employer , it is split into two in which the employer and employee pay them.Wages, compensation, and self-employment income (and that of the individual's spouse if married filing jointly) that exceed the applicable threshold for the individual's filing status will be subject to Additional Medicare Tax. You, like all other American workers, contribute to Medicare as a self-employed individual with income.If you contribute enough, you should be able to get free Part A Medicare coverage when you reach the age of 65.To learn more about medicare taxes refer
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