Answer:
A. $18,000
B. No QBI deduction
Explanation:
a) Calculation for Roquan’s deduction for qualified business income.
Using this formula
Roquan's qualified business income.
= 20% x QBI
Let plug in the formula
Roquan's qualified business income
= 20% x $90,000
Roquan's qualified business income= $18,000
Therefore Roquan’s deduction for qualified business income will be $18,000
b) Based on the information given if we assumed that Roquan's taxable income before the deduction for qualified business income is the amount of $300,000 which means that Roquan's income is higher than the amount of $213,300 hence, NO qualified business income deduction (QBI) will be allowed.
Answer:
30 chickens at $2 each 10 hams at $6 each 10 steaks at $8 each A chicken feed shortage causes the price of chickens to rise to $5.00 each in the year 2016. Hams rise to $7.00 each, and the price of steaks is unchanged.
Explanation:
Hope this helped
Answer:
Adjusted accounting profit - $63,200
Cash inflow / Outflow - $63,200
Depreciation Tax shield - $63,200
Explanation:
Revenue - $188,000
Variable cost ($57,000)
Contribution $131,000
Rental cost ($37,000)
Depreciation (17,000)
($54,000)
PBIT 77,000
Income Tax (40%) (30,800)
Net Income 46,200
A) Adjusted Accounting profit
Add back non cash expenses (depreciation) = 46,200+$17000 =$63,200
B)Cash Inflow/Outflow
Revenue $188,000
Variable cost (57,000)
Rental cost (37000)
Income Tax (30,800)
$63,200
C Depreciation Tax Shield
Tax shield =40%*17,000= $6800
Cash income from operation (EBITDA*(1-tax rate) = 56,400
Add back $6,800 = 6,800
$63,200
Answer:
Event II should probably get the most attention and Event III should probably get the least.
Explanation:
From the given information, we have an event, the probability and the cost. Event II has a probability of 0.2 and a cost of 53. This means that it should be given the utmost importance because the event has the highest cost among all other events.
On the flip side, Event III should probably get the least attention because the cost involved is the least. Event III has a probability of 0.1 and a cost of 12.
Therefore, Event II should probably get the most attention and Event III should probably get the least.
Answer:
Only the Corporation, Amtex box can be liable for the crime
Explanation:
A corporation is a separate legal entity, employees of the corporation are not personally liable for any obligation. In the above case, John Nagler ordered Dan Malone to dispose off the waste, doing so was withing the "Scope of his employment" and it was for the benefit of corporation only.
Dan and Mike did the same within their scope of employment, whatever was asked of them, they did.
A corporation is held liable for the criminal offence of its employees as long as the employees are doing so within the scope of their employment.