1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
inna [77]
3 years ago
5

Roquan, a single taxpayer, is an attorney and practices as a sole proprietor. This year, Roquan had net business income of $90,0

00 from his law practice (net of the associated for AGI self-employment tax deduction). Assume that Roquan pays $40,000 in wages to his employees, has $10,000 of property (unadjusted basis of equipment he purchased last year), and has no capital gains or qualified dividends. His taxable income before the deduction for qualified business income is $100,000. (Leave no answer blank. Enter zero if applicable.) Required: Calculate Roquan’s deduction for qualified business income. Assume the same facts provided above, except Roquan’s taxable income before the deduction for qualified business income is $300,000.
Business
1 answer:
-Dominant- [34]3 years ago
4 0

Answer:

a) Calculate Roquan’s deduction for qualified business income.

qualified business deduction:

  • 20% of qualified business income AND less than 20% of total income
  • Since Roquan is a single filer, his AGI cannot exceed $213,300.

Roquan's QBI deduction = 20% x QBI = 20% x $90,000 = $18,000

b) Since Roquan's income is higher than $213,300, then he is not allowed any QBI deduction.

You might be interested in
Explanation of what’s happening <br><br> please help, due tonight
Harlamova29_29 [7]

Answer:

what is this there is nothing to answer

Explanation:

6 0
2 years ago
why is the daily scrum held at the same time and same place? group of answer choices the consistency reduces complexity. the pla
Mkey [24]

The Daily Scrum is held at the same time and place each day to reduce complexity.

Complexity characterizes the behavior of a system or model where components interact in multiple ways and follow local rules, resulting in nonlinearity, randomness, collective dynamics, hierarchy, and emergence.

The term is generally used to characterize things that have many parts, and those parts interact in various ways, culminating in a higher origin that is greater than the sum of their parts. increase. Investigating these complex interconnections at various scales is a major goal of complex systems theory.

2010 science follows different approaches to characterize complexity. Zayed et al. Reflect many of them. Neil Johnson said, "Even among scientists, there is no clear definition of complexity, and scientific terminology has traditionally been communicated in terms of specific examples.."

The definition of "complexity science" is "phenomena arising from a collection of interacting objects"

learn more about complexity here;  brainly.com/question/4667958

#SPJ4

6 0
1 year ago
"An unaffiliated investor wishes to sell a large amount of "144" shares. This person can do so, without being subject to the Rul
tekilochka [14]

Answer: 6 months

Explanation:

The Securities and Exchange Commission (SEC) of the United States uses Rule 144 to control and regulate sales transactions involving restricted, unregistered, and control securities.

When an unaffiliated investor to a company whose stock falls under Rule 144 wishes to sell them, they are indeed not bound by volume limitations if they sell after the holding period requirement of 6 months has been met.

This means that from the day the unaffiliated investor purchases and fully pays for the shares, they cannot sell them until 6 months from that very day have elapsed.

4 0
3 years ago
Blaser Corporation had $1,075,000 in invested assets, sales of $1,243,000, income from operations amounting to $216,000 and a de
lawyer [7]

Answer:

Rate of return is 20%

Explanation:

Rate of return is the actual return received on a investment. In this question Blaser Corporation invested $1,075,000 in asset and earned a income of $216,000. So the rate of return is as follow

Rate of return = Income received / Investment in Assets = $216,000 / $1,075,000 = 0.200 = 20%

6 0
2 years ago
Read 2 more answers
Suppose Ms. Smith sells her 2018 Honda Fit next year. The original cost of the
Greeley [361]

Answer:

C

Explanation:

Cost=10000

Accumulated depreciation=3000

Sales price=9000

Net value=10000-3000=7000

Gain=9000-7000=2000

7 0
3 years ago
Other questions:
  • Bunny Babbett has just become an independent contractor selling the products of Tweethouse, a firm that makes elaborate (and exp
    14·1 answer
  • What is a major internal concern that could affect the incorporation of social media int?
    5·1 answer
  • Luisa is willing but not able to produce and offer to sell plastic cups. is luisa a supplier of plastic cups?
    9·1 answer
  • In january, the total number of employees at a factory was reduced by 8%. in july, the demand for the factoryâs product increase
    14·1 answer
  • The collection of an account that had been previously written off under the allowance method of accounting for uncollectibleA. w
    8·1 answer
  • The prizes that can be won in a sweepstakes are listed below together with the chances of winning each one:$5200 (1 chance in 89
    10·1 answer
  • OSHA standards appear in the ___________ and are then broken down into ____________.
    8·1 answer
  • The leading producer of cell phone backup batteries, Jumpstart, has achieved great success because they produce high-quality bat
    8·1 answer
  • You want to endow a scholarship that will pay $ 7 comma 000$7,000 per year​ forever, starting one year from now. if the​ school'
    9·1 answer
  • all of the following are the responsibilities of every long-term care insurer in california except (choose from the following op
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!