Answer:
c.) $10,000
Explanation:
Her 20% qualified business deduction is limited to 20% of her taxable income before the deduction.
Answer:
$ 62,500
Explanation:
1. calculating weekly revenue: 85 clientX25 dollars
85x25=2,125.00
2. Annual income: 2, 125x52=110,500 dollars.
3. Annual expenses: =48,000 dollars
4. Annual revenue: revenue - expenses=62,500.00
Annual income dollars: 62,500.00
Answer:
Any individual who, for compensation or gain, takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan application, must be licensed as a <u>Commercial Mortgage Banker License</u>
Explanation: