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natali 33 [55]
3 years ago
5

An owner of a six-family apartment complex pays the property manager an annual salary equal to 6% of the property's annual gross

income. If the annual gross income is $700,000, the annual expenses are $325,000 and the capitalization rate is 10%, what is the property manager's annual salary?
Business
1 answer:
zhannawk [14.2K]3 years ago
8 0

Answer:

The property manager's annual salary is $42,000

Explanation:

In the question, it is mentioned that the property manager salary equals to the 6% if the property annual gross income, and the property annual gross income is $700,000

So, the property manager salary equals to

= Property annual gross income × 6%

= $700,000 × 6%

= $42,000

The annual expenses and capitalization rate is irrelevant. Thus, it is ignored in the computation part.

Hence, the property manager's annual salary is $42,000

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Thad, a single taxpayer, has taxable income before the QBI deduction of $176,000. Thad, a CPA, operates an accounting practice a
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Answer: $21,007.36

Explanation:

Qualified business income deduction for a single member small business:

= Qualified business income * 20% * Applicable percentage if taxable income is above $163,300 limit on QBI deduction

Applicable percentage if taxable income is above $163,300 limit on QBI deduction:

Amount over $163,300 limit:

= 176,000 - 163,300

= $12,700

= 100% - (12,700 / 50,000)

= 100% - 25.4%

= 74.6%

QBI deduction = 140,800 * 20% * 74.6%

= $21,007.36

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3 0
2 years ago
What are the advantages of being a member of World Trade Organization​
frutty [35]

Answer:

Explanation:

Every member country of the world trade organization enjoys the following benefits;

1. They enjoy more support for the development of their local industry

2. Member countries have access to get loan and incentives.

3. There is an existence of peacefully trading among member countries.

4. World trade organization helps members to grow their economy.

5. Through the growth of the economy, unemployment is reduced.

6. World trade organization also helps to resolve disputes among member countries

8 0
2 years ago
Hommie Delicacies produces two products (Orapine and Banango) from a joint process. The joint cost of production is GH¢80,000. F
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Answer:

Explanation:

Joint cost = 80,000

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cost of 5000 at 20 = 100,000

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Banango

cost of 10000 at 15 = 150,000

Incremental cost of further processing =  20,000

Incremental revenue = 10,000*(16-15) = 10,000

Incremental income = (10,000) loss

If  Orapine is processed further , there will be an incremental income of 5,000 compared to Banango that will bring an incremental loss of 10,00 if processed further.

Based on this , it is advised that Orapine be processed further while Banango is not

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When noticing a suspicious vehicle on your property?
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