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:
B. i think,I'am not a 100% sure but if i get you wrong then am soooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo sorry
Explanation:
Answer:
Prepare a statement of cash flows for Business Solutions using the indirect method for the three months ended March 31, 2020. Owner Santana Rey contributed $31,000 to the business in exchange for additional stock in the first quarter of 2020 and has received $4,100 in cash dividends. (Amounts to be deducted should be indicated with a minus sign.)
Explanation:
Answer:
(d) Leniency
Explanation:
Based on the information provided within the question it can be said that this scenario is an example of leniency. This is a rater's bias in which a rater gives an individual a rating that may be a little too positive based on the factors that they need to be taking into account when rating. Such as is the case in this scenario since Linda gave Jan excellent ratings even though her performance is average at best.
