Business ethics Padding an expense account and save documents with record
Answer:
QBI deduction = $16000
Explanation:
QBI stands for qualified business income. Qualified business income includes those income that qualify as income, all money received especially in ordinary course of business and on regular basis qualifies as income. The qualified business income of a business is subject to various limitations. One of the most important limitations is that QBI deduction shouldn't exceed 20% of what taxpayers taxable income is. Sanjay's taxable income is $80000, considering the above mentioned limitation Sanjay's QBI deduction is as follows:
QBI deduction = $80000 × 20%
QBI deduction = $16000
Answer:
After tax real rate will be 2.2 %
So option (b) will be correct answer
Explanation:
We have given nominal interest rate = 8 %
Inflation rate = 5 %
And marginal tax = 10 %
We have to find the after tax real rate interest
After tax real rate of interest is given by
After tax real rate = nominal interest rate ( 1 - tax rate ) - inflation rate
= 8 ( 1 - 0.1 ) - 5 = 8×0.9 -5 = 7.2 - 5 = 2.2 %
So option (b) will be correct answer
Answer:
$439,610
Explanation:
Preparation for the current assets section of the balance sheet
Current assets
Cash $32,000
Accounts Receivable$111,900
Allowance for Doubtful Accounts($9,080)$102,820
($111,900-$9,080)
Inventory $295,000
Prepaid Insurance $9,790
Total current assets $439,610
($32,000+$102,820+$295,000+$9,790)
Therefore the current assets section of the balance sheet is $439,610
Answer:
(B) Statistic
Explanation:
A statistic is defined as a metric derived from (or that describes) a sample. As such, given a certain population (in the case of the question, <em>the population is the total number of new engines developed by the company</em>), a sample can be selected from the population (<em>the sample in the question is the 100 engines that are randomly selected</em>).
Any characteristic that describes the population is known as a parameter, whereas a characteristic that defines the sample is a statistic. In the question given, the average lifetime of 11 years was derived from the sample of 100 engines as is thus a statistic.
