Before going to the cost and benefits, lets take a look first at the total of what Tim makes for the two jobs. In the first job, he is paid $7 per hour for 3 hours so that is $21 total for the first job. The second job offer is $10 per hour for two hours so that is $20 for the entire second job offer. If he is going to take the first job, he will have $1 more than the second job, however, he has to work an extra hour. However, if he takes the second job, he receives $1 less but has one hour more for himself. So if he were to take the second job, it will be more beneficial to him because he can get almost the same amount but doesn't need to work as hard
Answer:
correct option is (a) The lesser of 50% of business wages or 25% of wages plus 2.5% of the unadjusted basis of qualifying property
Explanation:
As we know that when a single taxable income of the single filer is exceed by $157,000 by the $50000 or more, then their QBI must not exceed
so
- 50% of the taxpayer's share of W-2 wages paid in respect of a qualified trade or occupation
- 25% of such salary and 2.5% on a volatile basis immediately after acquiring the tangible depreciation asset
Qualified Business Income (QBI) exemption refers to taxable income recognized by a partnership, S corporations, LLC or sole proprietorship. This is below the line deduction that does not deduct your AGI, but it does reduce the amount of taxes.
Answer:
50 percent: your needs
20 percent: your savings and debt
30 percent: your wants
Explanation:
Budgeting your money using the "50/20/30" rule:
50 percent: Your needs. 50 percent of your paycheck should be set aside for the essentials, the core things you need to live. These include utilities, groceries, and rent, prescription medications, gas for your car, or the minimum payment on your credit card.
20 percent: Your savings and debt. The next 20 percent of your paycheck is for your savings and debt repayments. In other words, paying off the past and investing in the future
30 percent: Your wants. The remaining 30 percent should be spent on things that you want but could live without. This 30 percent allows for flexible spending and, perhaps, a happier life.
This could include money for vacations, shopping sprees, or a car you really covet. But remember, these "wants" include all things that aren't needed to stay afloat, so be sure to prioritize.
Answer:
Induced consumption is the portion of consumption that varies with disposable income. When a change in disposable income “induces” a change in consumption on goods and services, then that changed consumption is called “induced consumption”. In contrast, expenditures for autonomous consumption do not vary with income.
Explanation:
Answer:
The equity will decrease through retained earnigns for 3,000,000 dollars
Explanation:
The company's accounting will distribute the shares at the carrying value of the shares which is $5 per share as for them that is how much they are worth.
600,000 shares x $5 each = $3,000,000
retained earnings 3,000,000 debit
investment on Comption 3,000,000 credit
The equity will decrease through retained earnigns for 3,000,000 dollars
