Answer:
1) $18,000
2) $0
Explanation:
1) The wage based limits in business applies only to taxpayers with taxable income in excess of $157,500 or excess of $315,000, if it is a joint return.
Now, in this case, Roquan's taxable income which is $100,000 is less than the wage limits of $157,500 earlier stated. This implies that it doesn't qualify for wage-based limits.
Therefore, from business practices, Roquan will likely deduct 20% of the net $90,000 which is $18,000 to serve as deduction for qualified business income.
2) We are told that Roquan's taxable income before the deduction for qualified business income is now $300,000. What this implies is that his law practice would be judged to be a trade business and he would therefore not be eligible for deduction of the qualified business income.
Thus, it's $0.
<u>Answer:</u>Option D
<u>Explanation:</u>
Commingling means the money of various investors are pooled together to trade with securities. This is usually done by the agents who acts as the investment managers they collect money from various investors and put it together as single fund. The advantages of this method are the fees is lower.
Some people indulge in illegal activities of combining investors money with their personal money. This helps the agents to invest large funds by pooling in funds. Any risk on the principal amount has to be borne by the agent.
The budget process makes fiscal policy difficult to implement because
<span>---The budget process begins a year and a half before the budget is implemented, and this will make it difficult to know what type of fiscal policy will be needed because it requires us to predict the problem and opportunities that arise during the operation.
---Many budget decisions are made for political reasons , because many politicians was appointed by interest groups that controlled by big companies.
---Nearly two-thirds of the budget is mandated by federal programs and cannot be easily changed, even if it could be changed, the cost could outweihgt the benefit.</span>
An ethical dilemma is a difficult situation in which an individual is unable to make a decision, due to moral conflicts. Picking one solution would mean undermining another.
I believe the answer to your question is A.
Hope I helped! Have an awesome day and plz mark brainliest!
