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ladessa [460]
3 years ago
13

Tammy, a single taxpayer, has a part-time job at BigCo, a company in which she has no ownership interest. In addition, she owns

and operates LittleCote, a sole proprietorship that is a qualified trade or business. Tammy is paid wages of $40,000 by BigCo, and reports $100,000 in qualified business income from Little. She has no other items of income or loss and $25,000 of itemized deductions. Assume the QBI amount is net of the self-employment tax deduction. What is her qualified business income deduction
Business
1 answer:
adoni [48]3 years ago
8 0

Answer:

Qualified business income deduction= $20,000

Explanation:

Section 199A of the Internal Revenue Code gives numerous citizens a conclusion to qualified business salary from a certified exchange or business worked straightforwardly or through a go through substance. People, trusts and bequests with qualified business salary, qualified REIT profits or qualified PTP pay may meet all requirements for the finding. QBI is the net measure of qualified things of salary, addition, derivation and shortfall from any certified exchange or business. The reasoning will be % of QBI.

Tammy shall get deduction of 20% of $ 100,000 = $ 20,000

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Christine is an unemployed stenographer who cannot find work in Florida. There are several companies hiring stenographers in New
DiKsa [7]

Answer:

Option (b) is correct.

Explanation:

Cyclical unemployment refers to the unemployment that occured because of the fall in the demand for goods and services in an economy. It is largely affected by the fluctuations in economic growth of a country. When the overall demand for goods and services are not matched with the full employment in an economy. This unemployment is mostly occured when the economy of a country is contracting.

8 0
3 years ago
What are extension strategies?
sergeinik [125]

Answer:

Below:

Explanation:

An extension strategy is a practice used to increase the market share for a given product or service and thus keep it in the maturity phase of the marketing product lifecycle rather than going into decline. Extension strategies include rebranding, price discounting and seeking new markets.


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8 0
2 years ago
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"sally and harry both work at the local factory producing cars. sally earns $22 per hour working the day shift, and harry earns
Stels [109]

Night shift employee's always get paid more than day shiff

4 0
3 years ago
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Marriott International, Inc. (MAR) and Hyatt Hotels Corporation (H) are two major owners and managers of lodging and resort prop
garik1379 [7]

Abstracted earnings statement statistics for the two agencies are as follows for the latest yr (in tens of millions): Marriott Hyatt working profit.

Marriott worldwide, Inc. turned into fashioned in 1993 whilst Marriott organization break up into corporations: Marriott International, Inc., which franchises and manages houses, and Host Marriott organization (now Host inns & accommodations), which owns properties.

Marriott Global, Inc. is a main worldwide lodging enterprise with more than 8,000 residences in 139 international locations and territories. The enterprise that started out in 1927 as a 9-seat A&W root beer stands in Washington, DC is recognized these days as a top enterprise and for our advanced enterprise operations.

Learn more about Marriott International here: brainly.com/question/22785881

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8 0
1 year ago
Everyone uses money, and it is important to understand what factors affect the cost of money. Consider the following scenario: D
ryzh [129]

Answer:

Following are the factors in the economy that affects the cost of money:

  1. Inflation
  2. Required return of the investors on the additional risk
  3. Systematic risk in the economy
  4. Duration of lending
  5. Credit Spread

Explanation:

If the inflation rate increases then the required return would be compensation for inflation and required return.

The higher is the risk associated with the investment the higher would be the investor's required return.

According to the Capital Asset Pricing Model, the company compensates the investor for the systematic risk, not for the unsystematic risk that he faces because CAPM assumes that the investor has diversified portfolio of investment.

If the amount lend is for greater duration, then there is a risk that the borrower will default payments. There is another explanation which is that there is higher chances of loss of opportunity due to lending amount for greater duration.

Credit Spread is the measure of the risk that the company will be unable to pay interest on loan or principal amount or both. So as we know higher the risk associated with the investment, the higher is the Required return demanded by the investors.

8 0
3 years ago
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