Hi, I need some help with these two problems they are about taxes and this assignment is for the Agriculture business. If you can please help me as soon as possible that would be amazing! Thank you!
1. I operate a wheat farm. I am the only owner but I pay my spouse to keep the records and my child to help during harvest and planting. What type of tax do I pay and why?
2. I have a food truck! I own the truck myself but I have two employees who work the truck with me. I only operate the truck from March to November. I have the food truck business set up as an LLC. What type of tax do I pay and why?