Answer:
B) $148000
Explanation:
The QBI deduction was created by the 2017 Tax Cuts and Jobs Act, and it allows non corporate taxpayers to deduct
- 20% of their qualified business income
- 20% of qualified real estate investment trust dividends
- 20% of qualified publicly traded partnership income
The law sets a threshold and three separate groups for QBI deductions, and for 2019 group III's threshold was total taxable income greater than $210,700 for single taxpayers ($421,400 for joint filers).
Since Ellie's QBI exceeds the current threshold, then she must also calculate the W-2 Wages/Capital Investment Limit: the greater of
- 50% of W-2 wages of the business
- 25% of W-2 wages + 2.5% of the unadjusted basis of qualified property
Finally, Ellie must deduct the lesser of 20% QBI or wage and capital limitations:
- 20% of QBI = $740,000 x 20% = $148,000
- 50% of W-2 wages = $300,000 x 50% = $150,000
A technique known as bug listing is one useful strategy for problem finding. A bug list is known as making a list of theings that bug you. When this list is made, you can help solve the problems that are bugging you in your life instead of dwelling on things that may never change or dwelling without changing your life.
Amount = $10000
Let us assume the principal = x
Amount of interest = 5%
Time = 5 years
Then
x (1 + i)^t = 10000
x(1 + 0.05)^5 = 10000
x(1.05)^5 = 10000
1.28x = 10000
x = 10000/1.276281
= 7835.26
From the above deduction, it can be easily concluded that the correct option among all the options that are given in the question is the second option or option "B".
Answer:
Dribbling is a technique used in field hockey to move the ball forward using small touches with a hockey stick.
Answer:A. highest bid price and the lowest ask price
Explanation:the ask price is the lowest price a prospective seller is willing to accept, the bid price is the highest price that a prospective buyer is willing to pay for the security. The highest bid and lowest ask are quoted on most major exchanges, and the difference between the two prices is called the bid-ask spread