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SAULT COLLEGE OF APPLIED ARTS AND TECHNOLOGY SAULT STE. MARIE, ONTARIOCOURSE OUTLINE COURSE TITLE:Introduction to BusinessCODE NO. :BUS 100PROGRAM:Business, Accounting, & Business ManagementAUTHOR:Shawna
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What is bus 100?
Bus 100 is a tax form used by sole proprietorships and single-member LLCs to report their income, deductions, and self-employment taxes to the IRS.
Who is required to file bus 100?
Sole proprietors and single-member LLCs with income from self-employment must file Form 100 if they meet certain income thresholds.
How to fill out bus 100?
To fill out Form 100, you need to provide information about your income, expenses, and cost of goods sold, along with any applicable deductions and credits related to your business activities.
What is the purpose of bus 100?
The purpose of Form 100 is to report income earned from sole proprietorship or single-member LLC activities and calculate the self-employment tax owed.
What information must be reported on bus 100?
Form 100 requires reporting income, business expenses, the cost of goods sold, and any allowable deductions and credits.
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