Answer:
A. Qualified Business Income(QBI):- This is the Net income earned over and above the expenses. This is the business profit which is being earned over an accounting period. To calculate the QBI following are not considered
1. Interest Income 2. Income Earned Outside USA 3. Capital gain or Losses 4. Dividends and 5.Certain payments made to partners and Shareholders.
B. Qualified Business Income Deduction:- To calculate the QBI deduction the certain income limits have been defined. The QBI deduction is available at the rate of 20% of the QBI to the self employed and small business owners.
Single Filer- The limit in 2020 is $ 1,63,300 as Total Income
Joint filers- The Limit in 2020 is $ 3,26,600 as Total Income.
Since Haley does not qualify the Single Filer Limit as mentioned above, his QBI deduction is 0(Zero).
Explanation:
Answer:
C. contra asset, expense
Explanation:
The depreciation is an expenditure indicating a decline in the value of the fixed assets due to wear and tear, obsolescence, use, time period, etc. It's shown on the income statement debit side This is a non-cash item which has no effect on the cash balance.
Whereas the accumulated depreciation is an contra asset which reduce the asset balance. It records the depreciation in arrears and reported in the asset side of the balance sheet
Like
Equipment (XXXXX)
Less - Accumulated depreciation (XXXXX)
Net value of equipment (XXXXX)
<span> Any distribution of cash or property to the owners of a corporation is known as a corporate </span>distribution<span>. </span><span>
The tax treatment of corporate distributions at the shareholder level does not depend on: </span>The character of the property being distributed.
<span>But it depends on the earnings and profits of the corporation, the basis of stock in the hands of the shareholder and whether the distributed property is received by an individual or a corporation.</span>
A. depressant that effects the central nervous center.
Answer:
Industrial design: Its function is to determine all the characteristics of the product or service, combining experience, technical knowledge of products and manufacturing processes with marketing forecasts.
Product / service communication design: Its function is to create the best conditions for identification and recognition: brand, catalogs, advertisements, stands, packaging, packaging, labels and other auxiliary elements, removing the product from anonymity and claiming the attention of the buyers and consumers.
Corporate image design: Aimed at enhancing the identity of the company and transforming them into market values.
