Answer:
QBI deduction = $16000
Explanation:
QBI stands for qualified business income. Qualified business income includes those income that qualify as income, all money received especially in ordinary course of business and on regular basis qualifies as income. The qualified business income of a business is subject to various limitations. One of the most important limitations is that QBI deduction shouldn't exceed 20% of what taxpayers taxable income is. Sanjay's taxable income is $80000, considering the above mentioned limitation Sanjay's QBI deduction is as follows:
QBI deduction = $80000 × 20%
QBI deduction = $16000
If a store runs a sale on a product to clear out its stock, we can conclude that there was a surplus of the product in the<u> </u>store.
When a product's supply and demand diverge, or when a small number of buyers are willing to pay more than the vast majority of buyers, there is a surplus. In theory, there should be neither a surplus nor a deficit of a good when it is sold for a fixed price that everyone is willing to pay.
Product surplus is the region that is above the supply level and below the equilibrium price.
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Bill Gates (1955-), is a well-known American entrepreneur, investor. Gates launched Microsoft and has been on the Forbes since 1987. He was born and raised in Seattle, Washington and still currently lives in Seattle.
Answer:
What is generally true-in terms of needs and wants-about families whose income is below the poverty threshold?
It is a known fact that human want is insatiable which gives room to always dare to have more, as poverty threshold is concerned. The need s would be more prioritized than the wants, it is when you have enough that is when go for what you want, but with an economic scale below poverty threshold, the needs comes first than anything
Explanation:
