Answer:
uh ok... whats the question?
Explanation:
i will help u after u tell meh.
Answer:
The flexible-budget amount is $120,000
Explanation:
The flexible-budget amount is the same lump sum as the static budget.
Therefore, The flexible-budget amount is $120,000.
Answer:
I would choose B. But im not 100% sure.
Explanation:
Answer:
Tanuja is not entitled to a QBI deduction in 2019.
Explanation:
Tanuja has QBI from her accounting firm of $540,000
W-2 wages = $156,000
Unadjusted basis of property used in the LLC = $425,000
Taxable income before the QBI deduction = $475,000
Modified taxable income = $448,000.
Her accounting firm is a "specified services" business and she and her spouse's taxable income before the QBI deduction is $475,000, which exceeds the threshold for 2019.
Answer:
revenues to be overstated.
Explanation:
The sale recorded is not recognized completely at the end of the year and it been recorded in the revenue account. No adjustment has been performed at the year end to settle this accounting issue. The unearned revenue at the end of year which require the services to be performed in future overstating the revenue and understating the liabilities.