Answer:
$16,604
Explanation:
Calculation to determine Meghann's QBI deduction
Using this formula
Meghann's QBI deduction = Taxable income *Tax rate
Meghann's QBI deduction =$83,020 x 20%
Meghann's QBI deduction =$16,604
Therefore Meghann's QBI deduction is $16,604
<span>The annualized loss expectancy (ALE) is the product of the annual rate of occurrence (ARO) and the single loss expectancy (SLE).
The ARO is provided as 1% chance that a fire will occur per year. The SLE is provided as $2 million in damages. Thus the formula to calculate the ALE is:
ALE = 0.01 X $2,000000. The annualized loss expectancy is $20,000.</span>
Answer:
PV= $11,889.05
Explanation:
Giving the following information:
Future Value (FV)= $13,000
Number fo periods (n)= 3*2= 6 semesters
Interest rate (i)= 0.03/2= 0.015
<u>To calculate the initial deposit, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 13,000 / (1.015^6)
PV= $11,889.05
Answer:
January 1, 2021
Bonds Payable $91.5 million Dr
Loss on Redemption-Bonds Payable $6.33 million Dr
Discount on Bonds Payable $4.5 million Cr
Cash $93.33 million Cr
Explanation:
To calculate the loss on redemption of the bonds, we first need to calculate the value at which bonds have been redeemed. The bonds are redeemed at 102 which means they are redeemed at 102% of the face value.
Redemption amount = 91.5 million * 102% = 93.33 million
The bonds have a carrying value on redemption date of,
Carrying value = Face Value - Discount
Carrying value = 91.5 - 4.5 = $87 million
The loss on redemption of bonds is = 93.33 - 87 = $6.33 million