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mojhsa [17]
2 years ago
8

Aaron is the sole shareholder and CEO of ABC, Inc., an S corporation that is a qualified trade or business. During the current y

ear, ABC has net income of $325,000 after deducting Aaron's $100,000 salary. In addition to his compensation, ABC pays Aaron dividends of $250,000. What is Aaron's qualified business income
Business
1 answer:
Svetllana [295]2 years ago
7 0

Answer:

$325,000

Explanation:

Aaron's salary which has already been substracted from the income of ABC, Inc. is allowable deduction and it will not be added back to the ABC Inc.'s income.

Dividend payment by an S corporation is not allowable for deduction and it will not be deducted from the net income.

Therefore, Aaron's qualified business income is $325,000.

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Ben sold his townhome on March 12. The property is subject to an HOA fee of $355 per month, which Ben prepaid for the month of M
Dvinal [7]

Answer:

$213

Explanation:

For computing the owed amount, first we have to compute the daily rate per day which is shown below:

= HOA fee ÷ number of days in a month

= $355 ÷ 30 days

= 11.83 per day

We know that the number of days in a month is 30 days and the townhome is sold on March 12, so the remaining days would be 18 days ( 30 days - 12 days of march month)

Now the owed amount would be

= Remaining days × per day rate

= 18 days × 11.83

= $213

8 0
3 years ago
The concept of venue reflects the policy that: _____________
dsp73

Answer:

D. A lawsuit should be tried in the geographic neighborhood in which the incident leading to the lawsuit occurred.

Explanation:

The united States concept of venue has it that a court hearing has to be done or decided in a court that is in the geographical area of where the crime was committed or where the dispute took place. Also it has that those who are to serve as members of the jury mist be from the same geographical area where it occured

7 0
3 years ago
Which one would be correct I’m to lazy to think :)
Levart [38]
I think it’s the second one letter B
6 0
2 years ago
Today, four companies sell more than 80 percent of the compact discs purchased in the united states, although this fact is not o
miss Akunina [59]
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AleksandrR [38]

Answer:

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