Answer:
Elliot's qualified business income deduction is $28,000.
Explanation:
total income
= share in specified service business income + wages of wife
= 280000*50% + $90000
= $230,000
taxable income before QBI = total income - standard deduction
= $230,000 - $24,000
= $206,000
QBI deduction is lesser of:
- 20% of qualified business income
= $140,000*20%
= $28,000
Therefore, Elliot's qualified business income deduction is $28,000.
Answer:
Explanation:
The adjusting entry is shown below:
Unearned revenue A/c Dr $700
To service revenue A/c $700
(Being unearned revenue is adjusted)
The unearned revenue is computed below:
= Advanced cash received - unearned
= $1,000 - $300
= $700
To pass the adjusting entry we debited the unearned revenue account (current liability) and credited the revenue account
When a firm plans to issue bonds, it creates a(n) -prime-, which is a legal document that explains its obligations to bondholders?
The most important factor is considering the tuition. A lot of students experience problems regarding expensive student loans and gradually being in debt after school. To prevent this, keep you pool within your financial capability. Then, the basic information comes next, like the courses offered and the quality of education and training.
Answer:
The introduction is effective because it is setting an example of why the thesis behind the book is correct.
Mary Kay Ash, instead of introducing with a statement about her ideas, and why she believes in those, decided to tell a story about a business plan. This is a concrete form to show that under a free enterprise system, women like her, are able to succeed in the business world because they are given the freedom to do so.
