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Mkey [24]
3 years ago
9

In 2019, UNA Corporation has $500,000 of adjusted taxable income, $22,000 of business interest income, and $120,000 of business

interest expense. It has annual average gross receipts of more than $25,000,000 over the prior three taxable years. a. What is UNA’s interest expense deduction? b. How much interest expense can be deducted if UNA’s adjusted taxable income is $300,000?
Business
1 answer:
Inessa05 [86]3 years ago
5 0

Answer:

they will deduct full of $120000 interest

they will deduct up to $112000

Explanation:

given data

adjusted taxable income =  $500,000

business interest income = $22,000

business interest expense = $120,000

annual average gross receipts = $25,000,000

solution

we know that Maximum Deduction is here express as

Maximum Deduction = ( adjusted taxable income × 30% ) + business interest income     ..................1

put here value

Maximum Deduction = ( 500000 × 30% ) + 22000

Maximum Deduction = $172000

so that here they will deduct full of $120000 interest

and

for Maximum Deduction is here

Maximum Deduction = (300000 × 30%) + business interest income    .........2

Maximum Deduction = (300000 × 30% )+22000

Maximum Deduction = $112000

so that they will deduct up to $112000

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tatiyna

Answer: b.when the payments for merchandise are to be made.

Explanation:

Credit terms refers to the payment terms which are mentioned on the invoice when a good is bought.

Credit terms are terms for when payments for merchandise are to be made. Credit Terms are made during sales on account. The credit term shows the discount rate tahts offered to the costumer and the time limit that the creditor is expected to pay.

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For the current year, Gina Hestopolis had adjusted gross income of $100,000. During the year, she contributed $6,000 to her chur
Dvinal [7]

Answer:

$39,000

Explanation:

This can be calculated as follows:

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2 years ago
Suppose that last year the equilibrium price and the quantity of good X were $10 and 5 million pounds, respectively. Because of
grandymaker [24]

Answer:

Explanation:

Last year the equilibrium price and the quantity of good X were $10 and 5 million pounds, respectively.

The producer surplus is the difference between the minimum price that a producer is willing to accept and the price it actually gets. It can be found by calculating the area between the supply curve and the market price.

The producer surplus

= \frac{1}{2}\ \times\ base\ \times\ height

= \frac{1}{2}\ \times\ quantity\ \times\ price

= \frac{1}{2}\ \times\ 5\ \times\ 10

= $25

Because of strong demand this year, the equilibrium price and the quantity of good X are $12 and 7 million pounds, respectively.

The producer surplus

= \frac{1}{2}\ \times\ base\ \times\ height

= \frac{1}{2}\ \times\ quantity\ \times\ price

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A foodborne pathogen that can cause meningitis is _____.
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C. Listeria monocytogenes

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When food that has been contaminated by a pathogen called listeria monocytogenes is consumed, it can develop into meningitis. Meningitis can be treated and controlled by the use of antibiotics, and in some cases the combination of two or more types may be required depending on the nature of infection.

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