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
In today’s world, the possibility of attack by outside agencies has <u>increased</u> dramatically.
Agency business is a business enterprise that provides a specialized provider day-to-day their clients day. Regularly, corporations act on behalf of any other company, institution, or man or woman every day to manipulate a section of their commercial enterprise.
Purpose of agencies: daily make certain all men and women have an equal opportunity every day be informed of and day-to-day compete for employment opportunities, and pair of every day make sure that each employee has an identical possibility daily compete for promotional opportunities.
An organization, in huge phrases, is any courting among parties in which one, the agent, represents the other, the fundamental, in day-to-day transactions. The fundamental or principals have employed the agent every day to carry out a carrier on their behalf. Principals delegate selection-making authority to the everyday sellers.
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Because of the political instability, what will happen to U.S. is that its Net exports would fall which by itself would decrease U.S. aggregate demand.
When the people from other countries feared for their asset, they will stop importing goods from U.S.
- This will make import reduce and also, the export from U.S. to reduce as well.
In conclusion, because of the political instability, what will happen to U.S. is that its Net exports would fall which by itself would decrease U.S. aggregate demand.
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Answer:
11.30%
Explanation:
Roten rooters have an equity multiplier of 1.52
The total assets turnover is 1.20
The profit margin is 6.2%
= 6.2/100
= 0.062
Therefore the ROE can be calculated as follows
= 0.062× 1.52×1.20
= 0.1130×100
= 11.30%
Hence the ROE is 11.30%
Answer: d. Timm can deduct the expense in the year of payment.
Explanation:
A Contingent Liability refers to a liability that a company MIGHT incur if a future event happens. It is mostly often used for law suits in case a company has to pay damages. They will thus accrue the expense in readiness to pay it off should the need ever arise.
While Timm will record it in the books, there is no need to deduct it from the income yet. Timm should wait until the year they will have to pay to deduct it. That way the expense will be correctly apportioned to it's corresponding period.
