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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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I think a

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Identify the sentence that relies most strongly on emotional language. (1 point) if this project isn't successful, you will rece
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3 years ago
A male client visits a fertility clinic after one year of attempting unsuccessfully to impregnate his wife. What is a risk facto
Andru [333]

Answer:

Explanation:

One of the main risk factor associated with male infertility would be none or few sperm cells being produced. It has been stated by scientists that about 1% of all males and 10–15% of those with infertility do not have any sperm within their system. Therefore making the possibility impregnation impossible.

5 0
4 years ago
A company has already incurred $5,000 of costs in producing 6,400 units of product xy. product xy can be sold as is for $33 per
timurjin [86]
The company should sell product xy as it is and should not process it further.

Given:
Original Incurred cost of $5,000
No. of units is 6,400
Price per unit is $33  

Processed product
No. of units is 6,400
Costs for further processing is $8/unit
New price per unit is $39  

First, know the total costs
Original: $5,000
Processed: 6,400 x $8 = $51,200  

Next, find the sales revenue for the original and processed product
Original: $33 x 6,400 = $211,200
Processed: $39 x 6,400 = $249,600  

Then, get the net profit for the original and processed product
Original: $211,200 - $5,000 = $206,200
Processed: $249,600 - $51,200 = $198,400  

With the data provided, you can find out that the net profit is higher on the original/unprocessed product compared to the processed product even if the selling price and revenue is much higher. <span> </span>
8 0
3 years ago
The company uses the absorption costing approach to cost-plus pricing described in the text. The pricing calculations are based
son4ous [18]

Answer:

$81.96 per unit

Explanation:

For computing the selling price using the absorption costing approach we need to do the following calculations which are shown below:

Unit Product Cost = Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead

= $26.50 + 15.50 + 3.70 + [$156,71,400 ÷ 97,000 Units]

= $26.50 + 15.50 + $3.70 + $16.20

= $61.90

Now

Selling and administrative expenses  is

=$1,540,000 + [97,000 Units × $3.60]

= $1,540,000 + 349,200

= $1,889,200

And,

Markup on absorption cost

= [(Investment × Return on Investment) + Selling and administrative expenses] ÷ (Number of units × unit product cost)

= [($380,000 × 15%) + 1,889,200] / [97,000 × $61.90]

= $19,46,200 ÷ 60,04,300

= 0.3241 or  32.41%

So,

The selling price based on the absorption costing approach

= Unit product cost × (1 + Markup on absorption cost)

= $61.90 per unit × (1 + 0.3241)

= $81.96 per unit

5 0
4 years ago
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