Answer:
This deduction, created by the 2017 Tax Cuts and Jobs Act, allows non-corporate taxpayers to deduct up to 20 percent of their QBI, plus 20% of qualified real estate investment trust (REIT) dividends and qualified publicly traded partnership (PTP) income.Jul 16, 2019
Explanation:
or 2018, the threshold amount is $315,000 for a married couple filing a joint return, and $157,500 for all other taxpayers. The SSTB limitations don't apply for taxpayers with taxable income at or below the threshold amount.This new deduction is equal to 20% of a taxpayer's “qualified business income” (QBI). QBI is calculated by netting the total amount of qualified income, gain, deduction and loss from any qualified trade or business. ... Capital gains and losses, certain dividends and interest income are some of the excluded items.Apr 2, 2019Section 199A defines a qualified trade or business by exclusion; every trade or business is a qualified business other than: The trade or business of performing services as an employee, and. A specified service trade or business.
Answer:
Embezzlement is the act of withholding assets for the purpose of conversion of such assets, by one or more persons to whom the assets were entrusted, either to be held or to be used for specific purposes.
Explanation:
•provide free meals for the homeless
•raise taxes on millionaires
•improve healthcare for the elderly
Due to a large inheritance, a Life Insurance policy owner no longer requires the policy and agrees to sell it to a third party for more than its cash value. This type of transaction is called a Life Settlement.
<h3>What is the Purpose of a Life Settlement Contract?</h3>
The Life Settlement Contract is simply a contract that transfers the insurance cover afforded by the Life Insurance Policy form one person to another.
The life assured of the new holder of the policyholder becomes eligible to receive the benefits of the policy when the insured dies while the policyholder takes responsibility for payment of premiums.
Learn more about Life Settlement at:
brainly.com/question/570009
Your answer is: Convince a large number of people to write letters or emails to their elected representatives in support of a specific action item.Use to put pressure on elected officials to pay attention to those issues
