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Bond [772]
3 years ago
8

Peter Samuels owns and manages his single-member LLC that provides a wide variety of financial services to his clients. He is ma

rried and will file a joint tax return with his spouse, Amy. His LLC reports $300,000 of net income, W–2 wages of $120,000, and assets with an unadjusted basis of $75,000. Their taxable income before the QBI deduction is $285,000 (this is also their modified taxable income). Determine their QBI deduction for 2018.
Business
1 answer:
Leno4ka [110]3 years ago
7 0

Answer:

Will get 57.000 QBI

Explanation:

Net income = $300.000

QBI deduction = $285.000

w-2 wages = $120.000

assets (unadjusted basis) = $75.000

Their maximum possible pass through deduction is 20% of $285.000 = 57.000

As the income is not over $415.000 peter samuels do not qualify for the deduction of w-2 wages.

Will get 57.000 QBI

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The section of the business plan in which the entrepreneur identifies changes occurring on the national and international level
antiseptic1488 [7]

The section of the business plan in which the entrepreneur identifies changes occurring on the national and international level is the Environmental and industry analysis.

<h3>What is a business plan?</h3>

A business plan is a formal written document that outlines the objectives of the company, how those objectives will be attained, and when they will be accomplished. The nature of the company, background information on the organization, financial estimates for the organization, and the techniques the organization plans to use to meet the stated goals are also covered. This document functions as a road map (a plan) that gives the company direction when taken as a whole.

Written business plans are frequently necessary in order to apply for a bank loan or another type of financing. Using templates and guidance, like those offered by the Small Business Administration in the United States, can make it easier to create a business plan.

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6 0
1 year ago
An increase in the velocity of money will lead to​
ss7ja [257]

Answer: an increase in money supply increases aggregate demand, which increases prices

Explanation: Hence, a very high inflation rate will also maximize the velocity of money, which will increase the inflation rate even further.

7 0
3 years ago
Brews 4 U is a local chain of coffee shops. Managers are interested in the costs of the stores and believe that the costs can be
Elden [556K]

Answer:

Explanation:

a. In a regression equation expressed as y= a + bx, how is the letter b best described?

Here, b is the slope and best described as the estimate of the cost when there's a visit of an additional customer.

b. How is the letter y in the regression equation best described?

The letter y is the observed store cost for that particular month.

c. How is the letter x in the regression equation best described?

The letter x is the observed customer visit for that particular month.

d. Based on the data derived from the regression analysis, what are the estimated costs for 370 customer-visits in a month?

The estimated cost for 370 customer visit will be:

Y = a + bx

where,

a =$1496

b = $2.08

x = 370 customer visit

Y = $1496 + ($2.08 × 370 customer visit)

= $1496 + $769.6

= $2265.6

e. What is the percent of the total variance that can be explained by the regression equation?

The percent of total variance which the regression equation explain will be:

R2 = 0.86814 or 86.814%

3 0
4 years ago
A plane leaves Seattle, flies 85 miles at 30o north of east, and then changes direction to 45o south of east. After flying 115 m
ankoles [38]

Answer:

38 degrees South of East

Explanation:

X = 85cos30 + 115cos45 = 154.93

Y = 85sin30 + 115sin45 = 123.82

Tan A = y/x

tan A = 123.82/154.93

tan A = 0.7992

tan A = 38.63 degrees South of East.

The Seattle airport rescue crew team should fly 38.63 degrees South of East to get directly to the field.

8 0
3 years ago
Asap!!!!!!!!!!!!!!!!
SIZIF [17.4K]

individual preferences is the answer

5 0
3 years ago
Read 2 more answers
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