Freeman, a single individual, reported the following income in the current year: Guaranteed payment from services rendered to a partnership $50,000 Ordinary income from an S corporation 20,000 What amount of Freeman's income is subject to self-employment tax

$50,000

Explanation:

Based on the information given in the question, the amount of Freeman's income that is subject to self-employment tax is $50000.

It should be noted thdt the amounts that are gotten as guaranteed payments from the services that are being rendered to a partnership would be subject to self-employment tax. Basically, such amount is considered to be identical to the partner's salary.

answer; /// i believe its ; research and content manager;

answer: in the short-run firms will respond by raising the price of turkey.

explanation: initially the long-run equilibrium is at a price of $5 per pound of turkey and a quantity of 50 million pounds per year. now, when webmd claims that a protein found in turkey will increase your expected lifespan by 4 years. the consumers demand for turkey will increase at every price shifting the demand curve to the right from d1 to d2. while, there will be no change in the supply curve in the short-run as it is not possible for producers to adjust supply so quickly. as a result the new equilibrium will occur at a higher price and a higher quantity of turkey.

thus, in the short run firms will respond by increasing the price of turkey, selling more quantity at a higher price and earning economic profits.