The United states has the massive spending when it comes to the money they have spent buying the things that they would need if they are going to engage on a fight or worse, on a war. This spending is concentrate in North America and of course the Europe. That was when a major feel down struck them.
Answer:
1) $18,000
2) $0
Explanation:
1) The wage based limits in business applies only to taxpayers with taxable income in excess of $157,500 or excess of $315,000, if it is a joint return.
Now, in this case, Roquan's taxable income which is $100,000 is less than the wage limits of $157,500 earlier stated. This implies that it doesn't qualify for wage-based limits.
Therefore, from business practices, Roquan will likely deduct 20% of the net $90,000 which is $18,000 to serve as deduction for qualified business income.
2) We are told that Roquan's taxable income before the deduction for qualified business income is now $300,000. What this implies is that his law practice would be judged to be a trade business and he would therefore not be eligible for deduction of the qualified business income.
Thus, it's $0.
Answer:
Section 5 of the FTC Act
Explanation:
Section 5 of the FTC Act prohibited companies to make "deceptive actions" during all activities in a commerce.
In marketing, this section of the Act prevented companies to falsely promoting their products. They're required to truthfully listed all ingredients of the product and banned from making claim that are misleading to the consumers.
For example, you can't claim a drug that you sell can cure cancer without proper authorized researches to back it up.
<span>Upton Sinclair is the answer ^///^</span>
Realized gains and losses on investment securities calculated (D). Both a and b
Explanation:
<u>Realized gain/loss</u> is the Total amount of gain and loss realized from the sale of securities.
<u> A realized loss refers to </u>the monetary value of a loss that is the outcome of a trade.
<u> A realized gain </u>is defined as the excessive cost obtained after the deduction of the cost and the prior unrealized losses(or adjusted cost basis) over the proceeds from the sale.
An Unrealized gain can be defined as an increase in the value of the investment which is the outcome of an increase in the market value
Thus we can say that Realized gains and losses on investment securities calculated (D). Both a and b
