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marta [7]
3 years ago
15

10 percent partner in a partnership that incurred a $4 million business loss this year. Jahlil has no other business activities.

How much of Jahlil's partnership loss can he deduct this year if he is single? What if he is married filing jointly?
Business
1 answer:
sashaice [31]3 years ago
6 0

Answer:

$250,000 and $500,000

Explanation:

According to the tax laws there is annual limit on Loss deductions  relating the amount of business loss that can be deducted in a year.

The law states that single or individual tax payers can deduct nothing more than $250,000 while married taxpayers who are filing jointly can deduct up to $500,000 per year of their business losses.

Therefore, if Jahlil is single the amount of partnership loss he can deduct is $250,000 but if he is married filing jointly, he can deduct $500,000

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Suppose Megan gets a sales bonus at her place of work that gives her an extra $400 of disposable income. She chooses to spend $3
kicyunya [14]

Answer:

0.75, 0.25

Explanation:

With an increase in disposable income marginal propensity to consume increase. Similarly, with an increase in disposable income marginal propensity to save increases. Marginal propensity to save is the amount of money saved or kept after a fraction increase in overall disposable income.

MPC = 300/400=0.75

MPS = 100/400=0.25

Marginal propensity to consume is 0.75

Marginal propensity to save is 0.25

5 0
3 years ago
According to Henry Mintzberg, in the _____, managers receive a great deal of unsolicited information because of their personal c
goldfiish [28.3K]

Answer:

Monitor role

Explanation:

According to Henry Mintzberg, in monitor role , a manager regularly seek out information related to his organization and industry, looking for relevant changes in the environment. He also monitors his team, in terms of both their productivity, and their well-being.

6 0
3 years ago
Ramort Company reports the following cost data for its single product. The company regularly sells 21,500 units of its product a
Fittoniya [83]

Answer:

Gross margin= $744,760

Explanation:

<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unitary fixed overhead= 52,900 / 21,500= $2.46

Total unitary production cost= 10.3 + 12.3 + 3.3 + 2.46= $28.36

<u>Now, the gross margin:</u>

Gross margin= sales - COGS

Gross margin= 21,500*63 - 21,500*(28.36)

Gross margin= $744,760

7 0
3 years ago
1. Identify the factors that impact the social responsibility policies implemented by businesses.
andreyandreev [35.5K]

Answer:

Number one is the answer

Explanation:

7 0
3 years ago
One reason a student may seek a federal student loan instead of a private student loan is that
Vlada [557]

Answer:

D

Explanation:

hope this helps please brainiest

8 0
3 years ago
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