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DENIUS [597]
3 years ago
8

Taxpayers filing single, regardless of whether they did or did not engage in a specified service trade or business, will only be

subject to the "ordinary" taxable income limitation if their taxable income falls at or below which amount?
a. $0
b. $160,700
c. $160,725
d. $321,400
Business
1 answer:
RUDIKE [14]3 years ago
8 0

Answer:

b. $160,700

Explanation:

In the case of ordinary taxable income limitation, the taxable income for the single person is up to $160,700 and for married who filled jointly have a limit up to $321,400.  

Plus, if the income is covered within the threshold limit then the tax payee is eligible for the deduction which is equal to 20% of qualified business income irrespective whether they engaged or not engaged in any specified service trade or business

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Which of the following is the most accurate statement regarding the federal budget?
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The Federal Reserve System controls the monetary policy in the United States. They influence short-term interest rates and also determine the size of the money supply. The Federal budget is very hard to balance and <span>has been a concern and is difficult to achieve. The President sends the budget to Congress who must approve it.
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The manager of a consumer products firm said, "We use the brand manager position to train future executives." Why do you think t
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Answer:

In marketing, brand management begins with an analysis on how a brand is currently perceived in the market, proceeds to planning how the brand should be perceived if it is to achieve its objectives and continues with ensuring that the brand is perceived as planned and secures its objectives.

8 0
3 years ago
On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exercisable no sooner t
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Answer:

The amount of Compensation expense to Year 1 is $153,333.

Explanation:

Stock options granted                                       92000

X Fair value on date of grant                          5

Total compensation expense                       460000

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Compensation expense per year 1                       53333

Therefore, The amount of Compensation expense to Year 1 is $153,333.

3 0
4 years ago
Ahmad owns an apartment building and has recently had to lower the rent he charges, not only to attract new tenants but also to
Yanka [14]

Answer: Interest rate risk

Explanation:

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5 0
3 years ago
Revenue is recorded when services have been performed or products have been delivered to customers. The accounting principle sup
VladimirAG [237]

Answer:

The revenue recognition principle

Explanation:

The revenue recognition principle states that revenue should be recorded when services have been performed or products have been delivered to customers and  not when cash is received for the service rendered

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