Answer:
a) Calculate Roquan’s deduction for qualified business income.
qualified business deduction:
- 20% of qualified business income AND less than 20% of total income
- Since Roquan is a single filer, his AGI cannot exceed $213,300.
Roquan's QBI deduction = 20% x QBI = 20% x $90,000 = $18,000
b) Since Roquan's income is higher than $213,300, then he is not allowed any QBI deduction.
I beleive the answer is C Side Effect
add me!
Answer:
1.Immediate Family:
Spouse
Dependent Child
Dependent Parent
Spouse Equivalent
2.Close Relatives:
Sister
Brother
Father
Mother
Grand Father
Independent Child
3.Other Relatives and Friends:
Niece
Nephew
Cousin
Golf Partner
College Friend
Roommate
Explanation:
AICPA code of professional conduct are standards that are followed by CPA professionals. It is important and necessary for CPA professionals to understand the rules and standard of professional guidance and abide by them. There are two major sections of Code of Professional Conduct:
1. Rules
2. Standards
Rules are enforceable and required to be followed. Standards are the guidance which helps to make decision in certain situations.
Answer:
$ $
Net Income (137000*30%) (a) 41,100
Add:
Unrealized gains in the beginning inventory 40,000
Unrealized gains at the end of the year 25,000
Difference 15,000
(NCI in Unrealized gain (15,000*30%) (b) 4,500
Non-controlling interest's share of Devin's net income for 2012 ($41,100+$4,500) 45,600
Non-controlling interest's share of Devin's net income for 2012= $45,600
Explanation:
Answer:
The correct answer is letter "B": harmonization.
Explanation:
In economics, convergence refers to the fact that poor countries' income per capita increases at a faster pace than in rich countries. At a certain point in time, every country's income per capita should converge at the same point.
Several actions could be carried out to fasten that process such as standardizing labor conditions across the European Community (EC) or free-trade blocks such as the North American Free-Trade Agreement (NAFTA). <em>Once labor conditions have been subject to </em><u><em>harmonization</em></u><em> regardless of the region in the world, convergence will be a more attainable objective.</em>
