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Marrrta [24]
3 years ago
6

Campbell a single taxpayer, has $400,000 of profits from her general store that she operates as a sole proprietorship. She has $

100,000 of employee wages, $40,000 of qualified property, and $500,000 of taxable income before the deduction for qualified business income. How much is Campbell's deduction for qualified business income?
A) $80,000

B)$0

C) $100,000

D) 26,000

E) $50,000
Business
1 answer:
ella [17]3 years ago
8 0

Answer:

A) $80,000

Explanation:

According to the Internal Revenue Service (IRS), the deduction would be claim as a lower value of 20% qualified business income plus 20% of real investment or 20% of taxable income less net capital gains

So, 20% qualified business income = $400,000 × 20% = $80,000

And, the 20% of taxable income = $500,000 × 20% = $100,000

So, the lower value would be $80,000

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Which of the following are true if you pay only the minimum amount each month towards your credit card bill?a. You will be charg
BigorU [14]

Answer:

The correct answer is A and C as both are true statement.

Explanation:

Credit Card is a facility which is offered by banks to borrow money and it could be used by the borrower for buying expensive goods and the services up front. It has a time period, in which the borrower need to make payment for the amount used by the borrower along with the interest charged.

So, if the borrower paid the minimum amount towards the credit card, then the borrower is still in debt until clears or paid the whole amount and also will be charged the interest against the remaining balance or amount.

4 0
3 years ago
Nimbus Inc. is a hybrid organization. The organizational structure of the company has been developed to combine geographic suppo
kolbaska11 [484]

Answer:

<em> B) that Nimbus has a matrix structure</em>

Explanation:

Yes absolutely the above information is true, and from the following statement that can be fittingly inferred is given in OPTION(B).

<em>Because matrix structure is something in that organizational structure of the company has a single record that is given to multiple administrator.</em>

So, therefore as we can see in the scenario that Nimbus Inc. is also has a matrix structure.

7 0
3 years ago
The fact that financial services are more plentiful and easier to access means that
DaniilM [7]
A. consumers need to be better informed about what services are available and what those services cost.
8 0
3 years ago
A quality inspector took five samples, each with 4 observations, of the length of time for glue to dry. The analyst computed the
ratelena [41]

Answer:

12.57

Explanation:

The first part is correct with the answer of 12.57. The formula is x_bar_bar + 3*sigma/sqrt(n)

Here x_bar_bar = 12.51, sigma = 0.04, n = 4.

Thus UCL = 12.51 + 3*0.04/sqrt(4) = 12.57

6 0
3 years ago
Which section of the balance-of-payments statement summarizes u.s. trade in currently produced goods and services?
NikAS [45]

US commerce in goods and services that are now being produced is outlined in the balance of payments statement's current account section.

<h3>What does a favorable or unfavorable trade balance mean?</h3>

A surplus in trade is shown by a positive trade balance, while a deficit in trade is indicated by a negative trade balance. The BOT is crucial in figuring out a nation's current account. The following equation can be used to determine the trade balance: The value of goods and services sold to customers in other nations is known as the value of exports.

<h3>The balance of payments categorizes transactions into which accounts?</h3>

Transactions are split between the current account and the capital account in the balance of payments. When a distinct, typically very modest capital account is reported separately, the capital account is occasionally referred to as the financial account. Transactions in commodities and services are included in the current account.

<h3>What is the current trade balance?</h3>

For a country, the trade balance includes both exports and imports. This element makes up the majority of the current account, which is also the balance of payments' biggest component. Trade deficits are beneficial for emerging countries even if the majority of countries want to avoid them.

Learn more about balance of trade:

brainly.com/question/26964298

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8 0
1 year ago
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