Tax rates for proprietorships, partnerships, and LLCs changed with the passage of the tax cuts and the jobs act of 2017.
<h3>What are the tax cut and job act 2017?</h3>
Deductions, depreciation, expensing, tax credits, and other business-related tax items have been altered as a result of the Tax Cuts and Jobs Act ("TCJA"). Business owners can use this side-by-side comparison to comprehend the changes and make appropriate plans.
Some TCJA provisions that apply to individual taxpayers may also have an impact on corporate taxes. Reviewing the revisions to the individual tax code will help businesses and self-employed people understand how these provisions may affect their own business position.
For regular updates on tax reform, check IRS.gov/taxreform. Businesses can learn more about the provisions below and access the most recent information at Tax Reform Provisions that Affect Businesses.
To know more about the Tax cuts and job act, visit:
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Answer:
The answer is easy and simple to understand.
First of all, it ill be generally good for your business, price levels of materials required and services will remain at a reasonable level so you can afford them.
Moreover, the cost of financing will be bearable and low. Since the interest rates are low, more money can be borrowed to expand your business venture.
Economic book means more employment opportunities, and as the supply of labor increases. the cost or the wage rate can remain at a reasonable and fair level for both the employers and employees.
The currency exchange rates will be stable and will not deviate heavily during the economic boom period, making importing and importing fairly easy for your business.
However, since the economy is rigorous and healthy, more entrepreneurs will enter the market and the competition will be sever.
Moreover, foreign investors and businesses with new technologies, products and practices may enter your market, making it a bit difficult for you.
Explanation:
Answer:
c. preferred stocks
Explanation:
Preferred stocks -
It is the type of stock , where there are various features combined together , it is a type of hybrid form of stock , with both debt as well as equity instrument , is referred to as preferred stock.
They are dominate over other stocks.
These stocks are rated by major credit rating companies.
Hence, from the given scenario of the question, the best recommendation is the preferred stock.
Answer:
The cost of units transferred out during the month was $107,880 <em>(none of the suggested answers)</em>
Explanation:
The cost of units transferred out during the month was
Units Completed and Transferred are always 100% complete in terms of input components therefore
Equivalent Units of Units Completed and Transferred = Physical Units of Units Completed
<em>9,300 units were completed and transferred on to the next department</em>
<u>First Calculate Total Cost per Equivalent Unit</u>
materials $5.30
conversion $6.30
total $11.60
<u>Then, Calculate cost of units transferred out during the month was</u>
<em>cost of units transferred out = Units Completed × Total Cost per Equivalent Unit</em>
= <em>9,300 units × </em>$11.60
= 107,880
Answer:
1) Auto loan - a lot of people take auto loans to purchase their dream car although it considered as a bad debt as a car usually is very expensive.
2) potential debt I wouldn't mind getting into would probably be something for myself aka self development. investing in yourself by borrowing for more education or to consolidate debt. it can increase your ability to save for the future, build wealth, etc.
