A tax with a graduated rate structure must have at least two brackets of tax base is true.
Answer: $303,500
No
Explanation: Qualified business income QBI allows sole shareholders of eligible businesses (S corporations, sole proprietorship) such as Robert to lessen their tax burden by up to 20 percent. In this case, 20% of $303,500 can be deducted.
QBI will not change as reasonable compensation is not actual compensation, so this does not apply to QBI.
However, If his salary increases to $181,050, this would make Robert ineligible to qualify for the deduction as his income is more than the $157,500 threshold that makes a single taxpayer eligible for QBI.
This amount is $315,000 for a married couple filing a joint return.
Blooms will need to service <u>112 lawns</u> to break even on their costs.
Break even point is where costs=sales
add up all your costs, make them equal to sales amount times number of lawns (x) and solve for x to see how many lawns it will take to break even on costs.
1400 + 1968 + 1000 + 16x + 12x + 3x = $70x
$4368 + $31x = $70x (subtract 31x from both sides)
4368 = 39x (now divide by 39 to solve for x)
x= 112 lawns
Answer: $25 billion
Explanation:
The increase in cash as a result of a deposit into the banking system, no cash leakages and a required-reserve ratio is:
= Deposit into banking system * Money multiplier
Money multiplier = 1 / Required reserve ratio
= 1 / 20%
= 5
Checkable deposit increase:
= 5 billion * 5
= $25 billion
Answer: initial stage
Explanation:
The initial stage of financial life cycle is simply the first stage or the beginning phase of the financial cycle. Since he want to save so that he can get a house, thus means that he wants to accumulate asset.
Furthermore, it should be noted that the initial phase of the financial life cycle typically begin at a young age of about 25 years.