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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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which of these is not true regarding the special function performed by the external auditing profession?
Vladimir79 [104]

<u>It serves the interests of client management rather than the public.</u>

The special function performed by the external auditing profession is the attestation to the fairness of the financial statements of clients.

"The special function helps ensure the reliability and integrity of the financial reporting system. The auditing profession exists to serve the users of an organization's financial statements. Auditors need to remember that they are serving the public interest and not necessarily the interests of client management."

"The special function is a testament that the financial statements of their client are fair. This function serves all users of the financial statement, to ensure they all will be receiving reliable financial information."

To know more about Auditors click below:

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3 0
1 year ago
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Answer:

c.  $88.17 per order

Explanation:

The computation of the activity rate for the production order is shown below:

Activity rate = Production orders ÷ order size

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And, the order size is 800

Now placing these values to the above formula

So, the activity rate is

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We simply applied the above formula so that the activity rate could come

4 0
3 years ago
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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.

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When it comes to brochures and especially slides, Orange Photography would agree with the chapter that subtle details, such as _
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e) consistent color selections; multiple fonts

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Zeke's Zipline Adventures sold a bus used in the business for $16,000. Zeke's original cost of the bus was $15,000 and the adjus
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Answer:

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Explanation:

6 0
3 years ago
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