1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ira [324]
3 years ago
10

Meredith is a passive 30% member of the MNO LLC. She is not a managing member and she does not participate in any activities of

the LLC. Her interest is more in the nature of an investment. In the current year, Meredith's distributive share of income from the LLC was $50,000. In addition, she received a guaranteed payment of $40,000 for the use of her capital. Assume that her income from other sources exceeds $500,000. How much of Meredith's LLC income will be subject to the self-employment (SE) tax (under the Proposed Regulations) and the net investment income (NII) tax? (Disregard the additional Medicare tax on upper-income taxpayers.)a.$90,000 SE tax; $0 NII tax.b.$0 SE tax; $90,000 NII tax.c.$50,000 SE tax; $40,000 NII tax.d.$0 SE tax; $0 NII tax.e.$0 SE tax; $40,000 NII tax.

Business
1 answer:
goldfiish [28.3K]3 years ago
7 0

Answer

b.$0 SE tax; $90,000 NII tax.

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

You might be interested in
An environmental service employee of the hospital was called to the vascular surgery floor to clean the floor where a bag of pot
alexira [117]

Answer:

Punitive Damages

Explanation:

The $10,000 awarded by the jurors is a punitive damages to the organization because it serves as a kind of punishment to deter future occurrence of such conduct (recklessness)

3 0
2 years ago
While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other off
klemol [59]

The answer is directors.

<h3>What entity elects the board of directors for a corporation?</h3>
  • The corporation's stockholders elect its board of directors, but they play no other direct role in how the company is run. The board makes the important company decisions of directors.
  • The president of a corporation is chosen directly by its stockholders.
  • In addition to their duty as members of the board of directors, the officers are charged with particular duties. President As the company's chief executive officer, the president, is responsible for the following duties: Preside over board meetings. Served as the executive committee's chairman.
  • The promotion of the organization's work and the recruitment of resources to support its programs and services are some of the duties of board members.

While stockholders elect the board of directors of a corporation, the board of hires the president, vice president and other officers, who manage the corporation.

The answer is directors.

To learn more about The board of directors of a corporation, refer to:

brainly.com/question/21121907

#SPJ4

5 0
10 months ago
Question 1-12
storchak [24]

The change that would encourage GDP growth to slow is the automobile industry reduces hours for factory workers.

<h3>What would cause GDP growth to slow?</h3>

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

If the hours of work for factory workers is reduced, output would be reduced and this would slow GDP growth.

To learn more about GDP, please check: brainly.com/question/15225458

#SPJ1

5 0
1 year ago
A(n) ____ might be represented with a single-valued attribute. Group of answer choices person’s phone number(s) person's driver'
kolezko [41]

Answer:

person's driver's license number

Explanation:

A single valued attribute means that a person or a thing can only have a single value for that attribute, for example, you can have only one social security number since having more than one is illegal.

Following the same logic, you could only have one driver's license number, since you can only have one license.

But you can have more than one cellphone, you can also have more than one car, and finally you may have attended more than one college.

4 0
3 years ago
Prior to liquidating their partnership, Joyce and Xi had capital accounts of $50,000 and $105,000, respectively. Prior to liquid
Iteru [2.4K]

Answer:

Joyce cash distribution   = $262500

Explanation:

given data

Joyce capital = $50,000

Xi capital = $105,000

liabilities = $10,000

assets sold = $190,000

to find out

we consider Determine the amount received by Joyce as a final distribution from liquidation of the partnership

solution

we carrying value of non-cash asset prior to liquidation is

value of non-cash asset prior to liquidation = $50,0000 + $105,000 + $10,000

value of non-cash asset prior to liquidation =  $615000

so Profit on Liquidation  is = value of non-cash asset prior to liquidation - Sale of Asset

Profit on Liquidation  is = $615000 - $190,000

Profit on Liquidation  is = $ 425000

and here since

Joyce and Xi share income and losses equally

so Joyce share of profit will be

Joyce share of profit  = 50% × $ 425000

Joyce share of profit  = $212500

and

so Joyce cash distribution  will be

Joyce cash distribution  = Joyce share of profit + Joyce capital

Joyce cash distribution   = $212500 + $50,000

Joyce cash distribution   = $262500

4 0
3 years ago
Other questions:
  • Which of the following does not influence the consumer when he or she is deciding whether or not to buy a product?
    6·1 answer
  • Puckett products is planning for $5 million in capital expenditures next year. puckett’s target capital structure consists of 60
    12·1 answer
  • What impedes firms from achieving the optimal dispersion of their productive activities to locations around the globe? A) transp
    12·1 answer
  • Which of the following is most representative of the functional finance view of the macroeconomy? The economy is self-regulating
    9·1 answer
  • XYZ printing is building a dominant position as the low-cost leader in the 3D printer market. Three resources the firm can draw
    14·1 answer
  • In the Restin Company, maintenance costs are a mixed cost. At the low level of activity (80 direct labor hours), maintenance cos
    15·1 answer
  • You should use a(n) _____________ to track the mean diameter of the pipe for a manufacturing process producing copper pipes.
    11·1 answer
  • Alternative Production Procedures and Operating Leverage Assume Sharpie, a brand of Newell Brands, is planning to introduce a ne
    11·1 answer
  • The full disclosure principle: Multiple Choice Prescribes that accounting information is based on actual cost. Provides guidance
    8·1 answer
  • You will need to revise your budget to account for a car payment. Which expense category would be the most difficult to change o
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!