Meghann carlson QBI deduction is = $548,623
Solution:
The qualifying business income exclusion (QBI) referred to as Section 199A requires operators to receive up to 20 percent of their eligible business earnings for a tax deduction. It was implemented in the context of the Tax Cuts and Jobs Act 2017.
Since gross deduction for QBI deduction is set at 20% of lower of QBI ($129,100 ) or Taxable income($103,280)
So the lower is taxable income ,
i.e $103,280 × 20% ( 103,280 × 20÷ 100)
= 20,656 ( 206.56 )
= $548,623
Explanation:
The journal entries are as follows
1. Raw material inventory $5,100
To Account payable $5,100
(Being the raw material is purchased on account)
2. Factory labor $5,100
To Factory wages payable $1,700
To Payroll tax payable $2,900
(Being the factory overhead cost is recorded)
3. Manufacturing overhead $2,900
To Utilities payable $2,900
(Being the overhead cost is recorded)
The answer will be A. Drive because people need to learn how to drive at the age of either 15 or 18. that's what I think I hope this helps :)
<span>If I purchased 1,300 shares of lakeside bank stock for $23.32 a share. The total worth of the share is 1, 300 * 23.32 = $30, 316. Okay I received payments dividend worth 0.61 a share; that becomes 0.61 * 23.32 = $14.2252. I sold 1, 300 shares for $24.32. So I sold it for 1, 300 * 24.32 = $31616.
My total return = (Amount I sold the share + dividend received) - Amount I bought the share. So we have (31616 + 14.2552) - 30316 = $31630.2552 - $ 30, 316 = $1314.2552</span>
Answer:
a) Elastic
b) total revenue is increased
Explanation:
a) The demand is elastic over the given range.
The demand is elastic because, with the variation in the price of the brownies the demand for the brownies varied too i.e the demand changes.
b) Now,
if the elasticity is same for the decline in price from $1.00 to $1.50 i.e 300
the revenue will increase as:
when the price was $1.00 the demand is 100
i.e
the total revenue = $1.00 × 100 = $100
now,
when the price decline to $0.50 the demand changes to 300
i.e
the total revenue = $0.50 × 300 = $150
hence,
the total revenue is increased.
