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.
Answer:
Rye's earnings per share = $2.41 per share (Approx.)
Explanation:
Given:
Number of Average outstanding common share = 196,000
Net income =$470,400
Number of authorized common share = 395,000
Number of treasury shares = 24,000
Number of issued shares 220,000
Find:
Rye's earnings per share
Computation:
Earnings per share = Net income / Number of Average outstanding common share
Rye's earnings per share = 472,400 / 196,000
Rye's earnings per share = $2.41 per share (Approx.)
Answer:
Real rate interest = 2.675
Explanation:
given data
nominal rate of interest = 4.35 % = 0.0435
rate of inflation = 1.63 % = 0.0163
to find out
what is the real rate of interest
solution
we get here real rate of interest that is express as
Real rate interest = (1 + nominal rate) ÷ (1 + inflation rate) - 1 ...................1
put here value we get
Real rate interest = 
- 1
Real rate interest = 1.026763751 - 1
Real rate interest = 0.026763751
Real rate interest = 2.675
I think you will acccess the money when ur 18 years old
