Answer: Debt Payment, National Defense and Welfare of the United States
Explanation:
When the Articles of the Confederation which was the first Constitution of the United States was ratified in 1781, it included a clause that empowered the State Governments to decide what to give to Congress. Some of them gave less and some gave nothing of what they were supposed to give.
Congress was therefore powerless and risked falling apart and with it, the Central Government.
The Constitution of 1789 changed this by including the 'Taxing and Spending' clause.
This clause gave Congress the right to impose taxes. The clause states that Congress can levy taxes to enable it to pay off American debt as well as for the defense and general welfare of American citizens.
<u>Solution and Explanation:</u>
<u>The retained earning statement for the company Crane for the year 2017 is as follows:
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Martinez Company
Retained Earnings Statement
For the Year Ended December 31, 2017
Retained Earnings, January 1 $2,190,000
Less: Correction of Depreciation Error $382000
Retained Earnings, January 1, as adjusted $1,808000
Add: Net Income $929000
Less: Dividends $226000
Retained Earnings, December 31 $2,511000
Retained earnings at the starting year is to be considered and depreciation and dividend amount is to be deducted whereas the net income is to be added.
It would be run a system diagnostic or restart. depending on the program
Answer:
Will get 57.000 QBI
Explanation:
Net income = $300.000
QBI deduction = $285.000
w-2 wages = $120.000
assets (unadjusted basis) = $75.000
Their maximum possible pass through deduction is 20% of $285.000 = 57.000
As the income is not over $415.000 peter samuels do not qualify for the deduction of w-2 wages.
Will get 57.000 QBI