Answer:
A) $80,000
Explanation:
According to the Internal Revenue Service (IRS), the deduction would be claim as a lower value of 20% qualified business income plus 20% of real investment or 20% of taxable income less net capital gains
So, 20% qualified business income = $400,000 × 20% = $80,000
And, the 20% of taxable income = $500,000 × 20% = $100,000
So, the lower value would be $80,000
Answer:
b. not protected by the First Amendment
Explanation:
Based on the information provided within the question it can be said that the Julia's website is not protected by the First Amendment. This is because the Supreme Court has never interpreted freedom of speech to allow the inclusion of obscenities. Which "threatening posts about celebrities" would fall under the category of obscenity and not be protected under the First Amendment.
Answer:
$112,000
Explanation:
The Equity method shall be used in this question for determining book value of investment made by the Johnston company in Truly Inc because the investment gives the Johnston company the significant influence over the Truly Inc.
Under equity method, the book value of investment made by the Johnston company as at end of year 1 shall be determined as follow:
Amount invested initially $100,000
Add: Net income for the year $20,000
(50,000*40%)
Less: dividends received ($8,000)
(20,000*40%)
Book value of investment at end of year 1 $112,000
Based on the CPI in both places, the Brexington salary in Charlieville is $30,000.
<h3>Brexington salary in Charlieville </h3>
This can be found by the formula:
= Brexington salary x CPI of Charlieville / CPI of Brexington
Solving gives
= 50,000 x (90 / 150)
= $30,000
In conclusion, option A is correct.
Find out more on CPI at brainly.com/question/512131.
The answer to your question is B.
