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vodomira [7]
3 years ago
7

Which of the following are included in qualified business income (QBI)? (All income is effectively connected with a trade or bus

iness in the U.S.)
Betty's Form W-2 wages received from an S corporation.

Tom's guaranteed payments from a partnership.

Jane's Schedule C net profit.

Qualified Publicly Traded Partnership (PTP) income.
Business
1 answer:
Elina [12.6K]3 years ago
3 0

Answer:

The correct answers are letters "C" and "D": Jane's Schedule C net profit;  Qualified Publicly Traded Partnership (PTP) income.

Explanation:

The Qualified Business Income Deduction or QBI allows up to 20% of deductions for people who file small businesses taxes in personal statements.  The rule mainly applies to all those activities developed in a sole proprietorship. Capital gains, losses, dividends, and interest are not eligible for this type of deductions. A schedule C (form 1040) or a qualified Publicly Traded Partnership (PTP) income can be subject to this deduction.

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liraira [26]

Answer:

B. bounded rationality.

Explanation:

Bounded rationality -

It refers to the idea where the decisions of the people are rational , within a limit of the specific information known and the mental capabilities , is referred to as the bounded rationality .

The concept was given by Herbert Simon  .

As the thinking capacity and the information have some limit , hence the decision are also limited .

Hence , from the given scenario of the question ,

The correct answer is bounded rationality .

7 0
3 years ago
What term describes work done by nonprofessionals?
Romashka [77]

What sets a professional work and nonprofessional work is the kind of education and experience that the maker has. Professional work usually entails work done with those who have licenses and proper education background. Meanwhile, these forms of art are work done by nonprofessionals who has not undergone extensive education rather they got these skills by pure experience. Folk art, Naïve art, Intuitive art, and Outsider art are done by nonprofessionals.

<span>Therefore the answer to this question is<span> “All of these answers are correct”.</span></span>

3 0
3 years ago
If the lessor meets any one of the five Group I criteria, then the lessor classifies the lease as a(n) ________. If the lessor m
DENIUS [597]

Answer:

Sales type lease, direct financing lease, operating lease

Explanation:

A lease is a contractual agreement whereby the lessor(landlord) is paid for the use of his or her assets/properties by the lease(tenant). The assets that are usually leased are vehicles, buildings etc where payment is made for a specified period.

Sales type lease. Here, the dealer(landlord) earn interest revenue accrued plus the profit on the sale of asset. Whereas the profit is arrived at by deducting the selling price from the actual sales price . Profit is also earned and recognized at the beginning of the lease period.

Direct financing lease. The only benefit earned on this type of lease is the interest by the lessor-landlord. There is no profit or loss in the lease transaction. The actual value of leased asset is the same as the purchased value of the asset.

Operating lease is the combination of both sales type lease and direct financing lease. Here, the benefit of asset leased like yearly depreciation is claimed by the lessee-tenant . The ownership of leased asset must be transferred to the lessor at the end of agreed term subject to lessee having bargaining option. The lesse may however purchase the asset at a much reduced price say seventy five percent of the market value.

7 0
3 years ago
Explain the three macroeconomic goals of economic systems
Debora [2.8K]

Answer:

The three major macroeconomic goals of an economy should be economic growth, low unemployment/full employment, and low inflation rates. Economic growth occurs when an economy ‘increases its ability to produce goods and services’

Explanation:

8 0
3 years ago
What are the 6 major travel trade intermediaries
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Retail travel agents.
Tour wholesalers and operators.
Corporate travel managers and agencies.
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