1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lelechka [254]
4 years ago
7

Enercio contributes $100,000 in exchange for a 40% interest in the calendar year ABC LLC, which is taxed as a partnership. This

year, the LLC generates $80,000 of ordinary taxable income and has no separately stated income or expenses. Enercio withdrew $10,000 from the partnership during the year. Enercio is taxed on what amount of ABC’s income? On how much of the $10,000 distribution will Enercio be taxed?
Business
1 answer:
Grace [21]4 years ago
3 0

Answer:

Enercio would be taxed on $32,000 even though he withdrew $10,000.

Explanation:

Enercio would be taxed on his share of 40% of $80,000 of ordinary taxable income of ABC LLC irrespective of the fact how much has Enercio has withdrawn from the partnership firm. So, here Enercio would be taxed on $32,000 even though he withdrew $10,000.

You might be interested in
Which of the following statements about today's job market is accurate? a. Today the emphasis is on what the applicant wants. b.
Nataly [62]

Answer:

C. Employers are most interested in how a candidate will add value to the hiring organization.

Explanation:

Most Organizations are keen on knowing what value you are bringing to the company, there is no real consideration of the applicants dreams or career goals. As time goes by, it becomes really difficult to secure positions without reasonable years of experience because that way, the recruiting organization is in the know of your capability and how you contribute to their existing goals. Sadly, this is what applicants face in the world today so most newly graduates have to go on internships so as to widen their scope of real job tasks which also increases their chances of getting recruited.

7 0
3 years ago
Other things the same, which bond would you expect to pay the highest interest rate? a. a bond issued by the U.S. government b.
Nina [5.8K]

A bond issued by a new chain of Brazilian-style restaurants  pays highest interest rate.

Option D

<u>Explanation: </u>

A bond is an expression of the bond issuer's indebtedness for the holders of securities. The interest rate is the amount that the lender pays for his capital need. The largest factor is the sum of money loaned. The banks therefore pay you a deposit interest rate. You borrow the money from you.

Though they may be highly competitive, their interest rates are not equivalent. If a bank assumes that the debt is less likely, it pays higher interest rates. Therefore, banks will always offer revolving loans such as credit cards, a higher interest rate.

Such types of points are more difficult to manage. Financial institutions also charge people they think to be dangerous higher rates. The higher your ranking, the smaller your interest rate.

4 0
3 years ago
*Will award Brainliest if correct!*
Marizza181 [45]

Answer: it would active hours

Explanation: Simply, that is your active hours on your computer

8 0
3 years ago
Dan is the President of a major corporation. He is hiring a new Vice President, and while he knows Lauren is the most qualified
aksik [14]

The fact that Dan picked George over Lauren even though Lauren was the most qualified shows homosocial reproduction.

<h3>What is homosocial reproduction?</h3>

This refers to when people employ or choose people for a position that they feel are more like them.

Dan selected George over Lauren because he felt that George was more like him and so could be trusted better.

Find out more on employment bias at brainly.com/question/17368438.

#SPJ1

5 0
2 years ago
This is the forces that combine to make the production of products and services possible.
Hatshy [7]

"Factor of Production" is the force that combine to make the production of products and services possible.

Explanation:

Factor of production involves land, labor, capital, and entrepreneurship.

Land:

The important factor is that it creates major revenue through oil, gases and other possible resources which can be obtained from the land.

Labor: Starting from the person who brought bricks to build the company till the top management of the company are part of the Labor factor.

Capital: A factor which implicitly support as a factor of production. Without capital there is no chances of production or providing wages.

Entrepreneurship: These are the brainstorms who plan and create product and sits at the top level and make production and service possible.

8 0
3 years ago
Other questions:
  • The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as fo
    15·1 answer
  • One motivational formula will not work for all employees true or false
    11·1 answer
  • Mark and Mindy are new parents. They wish to start saving for their son’s college education. They anticipate they’ll need $150,0
    15·1 answer
  • A pegged exchange rate means the value of the currency is fixed relative to a reference currency
    14·1 answer
  • Laws put in place to protect the consumer when they are shopping in any retail store.
    10·1 answer
  • Helen has a meeting with a venture capitalist for a Series A round at a $10 million valuation. She has proprietary patents for t
    9·1 answer
  • A company purchased $2,000 of merchandise on July 5 with terms 1/10, n/30. On July 7, it returned $220 worth of merchandise. On
    9·1 answer
  • Why is it necessary for us to have knowledge and professional education? show the relationship between education and professiona
    9·1 answer
  • Manuel lives in a remote village in Belize and creates small art pieces using traditional methods. He has organized similar arti
    12·1 answer
  • This activity is important because as a manager, it is important to not only understand what we know about organizational behavi
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!