Windows aqnnd doors is the correct answer
A bank belonging to the Federal Reserve System is a <span>member bank<span>.</span></span>
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Answer:
$57,000
Explanation:
Net Income reported = $300,000
W-2 Wages = $120,000
Assets with an adjusted basis = $75,000
Taxable income before QBI deduction = $285,000
Total taxable income from all source deduction(including standard deduction) = $1,200 for singles & $24,000 for married filling jointly
<u>Calculation of QBI deduction for 2020</u>
The maximum possible pass through deduction = 20% * $285,000 = $57,000
Hence, the income is not over $415,000. So he doesnt qualify for the W-2 wages deduction.
Answer:
Current Ratio=1.93518
Explanation:
Calculating Current Assets:
Current Assets=Total assets-Net fixed assets
Current Assets=$537,800- $412,400
Current Assets=$125,400
Current Liabilities=Total debt- Long-term debt
Current Liabilities=$388,700- $323,900
Current Liabilities=$64,800
Current Ratio=
Current Ratio=1.93518
Answer: True
Explanation:
Translation exposure is also referred to as translation risk and this is when there will be a change in the value of the equities, assets, income or liabilities of a company due to the changes in the exchange rate. This typically happens when a portion of the
equities, assets, income or liabilities, of the company is denominated in foreign currency.
Since Thornton's revenues are denominated solely in U.S. dollars, therefore, Thornton Corporation does not have translation exposure.
