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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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At 17 years old, Otto signed a contract to purchase a new Hummer by advancing a payment of $50,000. However, when Otto turned 20
Aloiza [94]
Read the fine print, if it says “after signing, this contract is final.” Then Otto is screwed, because he must pay the $50,000

Or, Otto could hire a lawyer to fight it in court

Hope this helped ♥︎
7 0
3 years ago
Product Life Cycle All products pass through a product life cycle of four stages: introduction, growth, maturity, and decline. T
Rudiy27

Answer:

The answer is

                               Introduction stage                     Maturity stage

Product                    Gatorade                                   Crest

Price                          Rusk                                          Airwalk

Promotion                Listerine                                    Sony

Place                         Merck                                        Domino's

Explanation:

                               Introduction stage                     Maturity stage

Product                    Gatorade                                   Crest

Price                          Rusk                                          Airwalk

Promotion                Listerine                                    Sony

Place                         Merck                                        Domino's

A marketing mix is a combination of factors that can be controlled by a company to influence its existing customers and potential customers to buy its products.

The above chart explains the marketing mix of the companies and its stages in product, price, promotion and place.

3 0
3 years ago
To reduce product development time, Caterpillar connected its engineering and manufacturing divisions with its active suppliers,
Sergio [31]

Answer: an extranet

Explanation:

An extranet is a private network that is controlled that gives access to vendors, suppliers, partners, vendors or a group of customers that are authorized.

Therefore, to reduce product development time, Caterpillar connected its engineering and manufacturing divisions with its active suppliers, distributors, overseas factories, and customers, through an extranet.

4 0
3 years ago
Jerry's company is beginning a new project, and he has been assigned to find a telecommunications tool that will improve operati
lions [1.4K]

true because you need to look and evaluate the details provided

8 0
4 years ago
Read 2 more answers
TPW, a calendar year taxpayer, sold land with a $535,000 tax basis for $750,000 in February. The purchaser paid $75,000 cash at
statuscvo [17]

Answer:

Explanation:

Amount realized on sale:

Cash                                                                 $75,000

Purchaser’s note 675,000

                                                                                         $750,000

Adjusted basis (535,000)

Gain realized on sale $215,000

b. $215,000 gain realized ÷ $750,000 contract price = 28.67% gross profit percentage.

Cash received in year of sale:

Cash at closing                                             $75,000

August principal payment 33,750

                                                                                       $108,750

Gain recognized   (108750*28.67%) $31,179

A. Book gain                                     $215,000

Tax gain (31,179)

Book/tax difference                                       $183,821

B. $183,821 × 35% = $64,338 deferred tax liability

The excess of book gain over tax gain is a favorable difference.

6 0
3 years ago
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