Foreign Source Income. If you are a citizen of the United States, and you receive income from outside the U.S.—foreign source income—how must you report this income? Using the Internal Revenue Service website determine current reporting practices for tax purposes. Then select a foreign country and see if you can find out how they will tax your income earned in that country and any income you earned in the U.S. What are your thoughts about going to work in that country?

Be as detail as possible

Kyle worked as a free-lance software engineer for the first three months of 2018. During that time, he earned $62,000 of self-employment income. On April 1, 2018, Kyle took a job as a full-time software engineer with one of his former clients, Hoogle Inc. From April through the end of the year, Kyle earned $172,000 in salary. What amount of FICA taxes (self-employment and employment related) does Kyle owe for the year?(Round your intermediate and final answer to the nearest dollar amount.

Discussion: "Is America to Blame for the Drug Wars in Mexico?"

From 2007 to 2009, nearly 10,000 people in Mexico died in drug-related violence. Who or what caused this? Some argue that it is Americans' insatiable demand for illicit drugs and the constant flow of guns from the United States, which arms the drug cartels. Others blame Mexico’s own government, which, they claim, is so corrupt that it cannot clamp down on the cartels. Unable to ignore the rising violence spilling over the border, Congress approved $700 million in security aid for Mexico and promised to increase the number of federal agents and intelligence analysts. Officials on both sides wonder whether this will make a dent in the problem.

1. Should Mexico’s government take full responsibility for what goes on within its own borders? Or should the US Government take some of the responsibility for the flow of Drugs into the USA and the drug war violence inside Mexico?

you must write a three page paper discussing the legal issues and likely outcomes for all of the scenarios provided below.

1) Paul Peters is an inventor. He has various creative inventions that he thinks will make him a lot of money if he markets them right. His best friend Ronald Robinson has a Bachelor degree in Marketing, an MBA, and has innovative ways of marketing products. Paul does not have a lot of money, but his cousin Sara Sanders is millionaire after hitting it big with the house boom and knowing when to stop investing. Paul thinks that with his inventions, Ronald’s business skills, and Sara’s money, they can make it big. Paul decides to create a business with these individuals and asks you for help with the details. You must give him advice on what is the best business for him to form? Why? Make sure to include a description of the business model that would be best for him, as well as a description of the other business models and why they would not be as good as the one you advised him. Also make sure to cover all of the steps that he must follow in order to form that particular type of business.

2) Paul, Ronald, and Sara have already formed their business as you have recommended and are rapidly prospering. Paul is upset because other individuals have been attempting to follow in his footsteps and are creating similar businesses. Paul has decided to lose some money in the process, but to sell his items so cheap, that no one can compete with him. He hopes that that way he could veer off his competitors and then substantially increase the prices so that he can make up for the loss profits. Can Paul do this? Why or why not?

3) After ten years, Paul decides that he does not want to continue the business. The company has incurred a substantial amount of debt, it owes the manufacturer of the products, a company called WeDoItAll, over $20,000.00; it owes the bank (Inventors Bank) about $28,000.00, and the company owes Sara, who has made the company many loans to stay afloat a total of $18,000.00.Paul thinks that bankruptcy might be the best solution. As an advisor to Paul, you must (1) explain to him how to dissolve the business (what steps he must take); and (2) give him advice as to whether bankruptcy is a good solution for his company.

In this week's discussion your are going to be the CEO of a company.  In anticipation of the upcoming quarterly disclosure of profits, you prepare your Board of Directors for the challenge that cost-push inflation having on profits.  Please make yourself CEO of only one of these hypothetical companies.

All America Grocery Inc - We serve communities in the middle of the income market providing low prices for all basic grocery needs. Our modest income consumers expect goods deals on good quality foods.  The Covid-19 pandemic has put upward pressure on the price of everything we sell. We have also experience rising cost in every aspect of our operation as we have to put extra resources in to protecting both our employees and the public. We are both fortunate and unfortunate that the price elasticity of demand for food is .20.  

Very Big US Auto - Very Big US Auto is one of the oldest and one of the largest auto manufacturers of autos in the US.  Very Big US Auto's supply chain is highly dependent components manufactured in China and assembled in the US. Like the US economy the Chinese continue to have major stoppage in production due to Covid-19. Additionally manufacturing facilities like ours must take extra precaution to keep workers safe. Costs are rising we are experiencing rising costs.  Very Big US Auto know that demand is relatively elastic with a price elasticity of demand of 1.2. We also know that the supply of auto is relatively inelastic and all our competitors are facing the same cost increase.

Big Time Entertainment - Big Time Entertainment is a nationwide firm providing movies, arcades and other entertainment venues such as bowling and roller skating. Our operations have been heavily impacted during the Covid-19 pandemic. On reopening we have been faced with a host of regulations that have greatly increased our cost of operation, everything to operating far below our optimal number of patron to higher cost for cleaning and other measure to protect the public and our employees. Price elasticity of demand is 1.6 and we are also face with competitors, online entertainment and gaming, that are not experiencing these cost pressures.

Now explain:

• Is the demand curve for your product relatively elastic, inelastic or unitary elastic?  Demonstrate for your company's product, by how much the quantity demanded will change if you pass on a 10% increase in cost. In other words, show your calculation of the percentage change in the quantity demanded given a 10% change in your price. You must provide a calculations showing the percentage change in quantity demanded.
• Given your company's and price elasticity of demand and the industry supply/competitive environment you face prepare a statement for your board as to the potential impact on profits.   Who will pay the larger share of the cost increases, your firm or your customers?

1. Match each transaction with the type of entry that will be required at April 30, the company's year-end.

A. Deferral Adjusting entry

B. Accrual Adjusting entry

1. Project Evaluation.
   1. Describe the weighted average method of evaluation. How do you use it? How are the weights determined?
   2. A university is evaluating whether to continue using their current CRM (Customer Relationship Management) software:
      1. PowerCRM - The current system is slow, had two weeks worth of outages last year and frustrates the marketing department because it isn’t flexible.
      2. The competitor is SailsForce, a CRM platform developed by a company whose founder also loves ships. It is known for being reliable and flexible. Schools using it report average recruitment of 5 additional students per year.
      3. Using the above facts, choose 5 evaluation criteria, weigh the criteria and score the companies. The evaluation criteria should be pertinent to the question; use your imagination to score the companies (Hint: you can use the template) Explain your choices for criteria selection and weighting.

   3. Total Cost of Ownership

      1. What is meant by Total Cost of Ownership? How is it calculated? What is included? How is it used in project evaluation?

      2. Consider the options from Question 1 Project Evaluation:

      3. SailsForce has an upfront cost to implement $25,000. The annual licensing fee is $600 per user, and there are 75 employees in admissions who need a license.

      4. PowerCRM is already implemented and has a licensing cost of $40,000 per year. The average full-time student, after discount, pays $20,000 per year.

      5. Compare the 5-year total cost of ownership.  

      6. Based on the TCO and Weighted average, which would you recommend and why?

The table below shows the quantity demanded and supplied in the labor market for economics professors at the I'MaState University, where all the professors belong to a union.

Annual Salary

Quantity of workers demanded

Quantity of workers supplied

$50,000

95

20

$60,000

80

30

$70,000

65

40

$80,000

50

50

$90,000

35

60

$100,000

20

70

1. If no union existed, the equilibrium salary for economics professors at I'MaState University, will be .

2. If the union has enough negotiating power to raise the annual salary by $20,000 more than a non-unionized university would be willing to pay, then there will be excess of labor of economics professors at I'MaState University.

3. Economics professors and economic consultants are perfect substitutes. If the union negotiates an annual salary increase for economics professors at I'MaState University that is $20,000 higher than the market wage rate for economic consultants, then the of economic consultants will . This will result in the market wage rate for economic consulting positions to and the quantity of economic consultants employed to

A university has 7 departments namely, IT, Finance, HR, Management, Faculty, students and R&D. The university also has an ADSL internet connection which is shared for the different departments. It is required that all the departments should have intercommunication via LAN. Each of the department contain 50-200 users. As the case everywhere, the students and the staffs need to have access to Wi-Fi connectivity as well. The university campus contains 3 different buildings located nearby, having 2, 3 and 4 floors each. You are asked to design of a network infrastructure for a university, focusing on the following aspects.  The network architecture model you will be choosing.  The switching and routing requirement  The IP Design schema for the department.  Design with VLAN  The security measures taken for both the wired and wireless network.  The Wi-Fi design as required for the university. The final network infrastructure may be created in packet tracer or any familiar tools available. You may create the model in a word file too, by indicating all the information clearly.