1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Len [333]
4 years ago
15

Tanuja Singh is a CPA and operates her own accounting firm (Singh CPA, LLC). As a single-member LLC, she reports her accounting

firm operations as a sole proprietor. Tanuja has QBI from her accounting firm of $540,000, reports W-2 wages of $156,000, and the unadjusted basis of property used in the LLC is $425,000. Tanuja is married and will file a joint tax return with her spouse. Their taxable income before the QBI deduction is $475,000, and their modified taxable income is $448,000. What is Tanuja's QBI deduction for 2019.
Business
1 answer:
AnnyKZ [126]4 years ago
6 0

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.

You might be interested in
The term that best matches the description given.
Leto [7]

Answer:

I think Quantitative data

Explanation:

I'm sry if I'm wrong

4 0
2 years ago
A treaty that can be signed between two or more countries to lower tariffs and improve the import and export of goods is a free
klio [65]

When a treaty is signed between nations to lower tariffs and improve imports, this is a free trade agreement. This is <u>True</u>.

<h3>What is a free trade agreement?</h3><h3 />

Sometimes nations get together and discuss a treaty that will allow for trade to be easier between them.

To this end they will reduce tariffs, and other barriers to trade. This is to encourage free trade between the nations. This treaty is a free trade treaty.

Find out more on barriers to trade at brainly.com/question/1326741.

3 0
3 years ago
Farmer Ted planted 200 acres in wheat this year. The weather has been perfect and he expects to harvest a record crop within the
mina [271]

Answer:

d. Transactions exposure.

Explanation:

Transactions exposure -

It is the level of uncertainty involved in a business in the international trade face .

It is the risk which currency exchange rates would fluctuate after the firm has taken a financial obligation .

The high level of vulnerability to shift the exchange rates can lead to the loss of the major capital for the international business .

Hence from the information of the question , the correct answer is  d. Transactions exposure .

5 0
3 years ago
WILL GIVE BRAINLY PLEASE HELP
zaharov [31]
A skill that would be useful for nick in his job is good problem solving, communication, and team work since he has to work with many people everyday and watch over them!
8 0
3 years ago
Read 2 more answers
why do natural and geographical monopolies arise, and why are they often good for the economy and for consumers
babunello [35]
They arise because goods can sometimes be found only in certain parts of the world. A famous example of this was historically silk which was only found in China and everyone had to pay what the Chinese manufacturers said. It was good for Chinese economy because their merchants and silk manufacturers were rich, and in return the consumers were satisfied because they had the original high quality silk coming straight from China which ensured quality.
3 0
3 years ago
Other questions:
  • Forbes, fortune, and similar types of magazines often contain ads for rolex watches, bmw automobiles, and other luxury items. ad
    15·1 answer
  • Which businesses are in monopolistic competition?
    12·1 answer
  • What type of fraud involves intentional deception on the part of an individual or group in order to derive an unfair economic ad
    8·2 answers
  • What is the name of the international community of network designers, operators, vendors and researchers concerned with the evol
    15·1 answer
  • Telsa’s new products have been successful, in part, because they have a well-defined new product strategy at their core and are
    8·2 answers
  • Flowchart of Accounts Related to Service and Processing Departments
    11·1 answer
  • At what credit score range do you think it’s unlikely that banks would offer you a loan or credit card?
    8·2 answers
  • Examples of productivity in economics.
    14·1 answer
  • for a company making advanced technology, with highly specialized components, a customer divisional structure would be more effe
    12·1 answer
  • Can i dispute a credit card charge that i willingly paid for.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!