Answer:
A. Procyclical policy.
Explanation:
Procyclical policy is basically is a government approach to increase goverment spending and reduces taxes while government is going through economic expansion.
Answer:
They can use credit in emergencies. A form must be filled out when someone is hired for a job to determine how much income tax will be withheld.
Explanation:
Answer:
Tanuja is not entitled to a QBI deduction in 2019.
Explanation:
Tanuja has QBI from her accounting firm of $540,000
W-2 wages = $156,000
Unadjusted basis of property used in the LLC = $425,000
Taxable income before the QBI deduction = $475,000
Modified taxable income = $448,000.
Her accounting firm is a "specified services" business and she and her spouse's taxable income before the QBI deduction is $475,000, which exceeds the threshold for 2019.
Answer:
COGS= $598,020
Explanation:
Giving the following information:
Kevin owns a retail store, and during the current year, he purchased $610,000 worth of inventory. Kevin's beginning inventory was $67,000, and his ending inventory is $77,200. During the year, Kevin withdrew $1,780 in inventory for his personal use.
We need to deduct the inventory used for personal use.
To calculate the cost of goods sold, we need to use the following formula:
COGS= beginning finished inventory + cost of goods purchased - ending finished inventory
COGS= 67,000 + 610,000 - 77,200 - 1,780
COGS= $598,020
Answer:
The right approach is Option a (Bargaining power of suppliers).
Explanation:
- The concept is such an industry influences the buyer's business climate and determines the potential including its buyer to attain profitability.
- The meaning is basically how very much jurisdiction a single provider has. By supplier, I represent the industries that create the manufactured goods that even the sellers refine into the finished product to something like the sellers throughout the business. If there are several suppliers during the sector because each supplier is indeed very poor.
