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Romashka [77]
3 years ago
14

Maria and Javier are the equal partners in MarJa, a partnership that is a qualifying trade or business. In the current year, Mar

jJa generated $350,000 of ordinary income after reporting $500,000 in guaranteed payments to Maria and Javier for their services to MarJa ($250,000 each) a. What is Maria's and Javier's qualified business income?
Business
1 answer:
erma4kov [3.2K]3 years ago
5 0

Answer: The total of $350,000 will be Maria and Javier's qualified business income.

Explanation:

The amount of guranteed payments, i.e., $500,000 will not be included in the qualified business income. Therefore, their qualified business income is $350,000. Since they are equal partners, we will divide the $350,000 by 2 which will give us $175,000 for each of them.

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In an economy with a population of 100 million persons, 42 million hold civilian jobs and 6 million are not working but are look
BlackZzzverrR [31]

Answer:

The unemployment rate is 12.5%

Explanation:

The formular for solving unemployment rate is:

Number of unemployed persons/ Total number of civilian force × 100

The number of unemployed persons is 6 million

The total number of civilian force is 6milllion + 42 million = 48 million

Therefore unemployment rate is

6/48 ×100 = 12.5%

Thus, the unemployment rate is 12.5%

6 0
3 years ago
An opinion polling firm based in Austin, TX wants to allow its phone survey specialists to use company laptops and networks to c
Yuki888 [10]

<u>Answer: </u>

The strategy that they should use should be that of negotiation.

<u>Explanation: </u>

  • In order to make the employees understand that they would be allowed to take the company phones and laptops to home but they would be required to carry out certain operations of the company work, it would be necessary to negotiate with them on the offer put forward by the company.
  • This strategy would help the company even of a few employees agree to the offer as the operation time of the company would increase substantially.
7 0
3 years ago
On March 1, 2012, Kelly Company lent $3,500 to Tim on a 1-year 6% promissory note. The amount of interest to be accrued on Decem
schepotkina [342]

Answer:

$210

Explanation:

Calculation for what the amount of interest to be accrued on December 31 will be

Using this formula

Accrued interest =Amount lent×Promissory note percentage

Let plug in the formula

Accrued interest=$3,500×6%

Accrued interest=$210

Therefore the amount of interest to be accrued on December 31 will be $210

7 0
3 years ago
Steve’s Outdoor Company purchased a new delivery van on January 1 for $47,000 plus $4,000 in sales tax. The company paid $13,000
cupoosta [38]
Sorry idk the answers i’m just trying to ask my questions... sorry
3 0
3 years ago
1. On June 30, 2018, the Johnstone Company purchased equipment from Genovese Corp. Johnstone agreed to pay Genovese $21,000 on t
Mumz [18]

Answer:

$58,002.60

Explanation:

First, it is clear to include the $21,000 as part of the value of the equipment.

Now, the $9,000 annual payment after every year for six years need to be presented in its present value, meaning what is the value of those future amounts of $9,000 on June 30, 2018.

To calculate the present value of annuity (annuity means constant and equal payments) for those 6 payments of $9,000, we would need the Present Value Factor which is supplied from the Present Value Table.

Looking at 12% for 6 periods ("six annual installments") on the table, it gives the PV factor of 4.1114.

Just multiply $9,000 by 4.1114 and we get 37,002.60

Finally add the downpayment of $21,000 with the present value $37,002.60 and we would get the total value of the equipment of 58,002.60

5 0
3 years ago
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