Answer:
B) $148000
Explanation:
The QBI deduction was created by the 2017 Tax Cuts and Jobs Act, and it allows non corporate taxpayers to deduct
- 20% of their qualified business income
- 20% of qualified real estate investment trust dividends
- 20% of qualified publicly traded partnership income
The law sets a threshold and three separate groups for QBI deductions, and for 2019 group III's threshold was total taxable income greater than $210,700 for single taxpayers ($421,400 for joint filers).
Since Ellie's QBI exceeds the current threshold, then she must also calculate the W-2 Wages/Capital Investment Limit: the greater of
- 50% of W-2 wages of the business
- 25% of W-2 wages + 2.5% of the unadjusted basis of qualified property
Finally, Ellie must deduct the lesser of 20% QBI or wage and capital limitations:
- 20% of QBI = $740,000 x 20% = $148,000
- 50% of W-2 wages = $300,000 x 50% = $150,000
Answer:
Dr Cash 2,982,557
Dr Discount on bonds payable 217,443
Cr Bonds payable 3,200,000
Explanation:
Preparation for the bond issuance Journal entry
Since we were told that the Company has par value of the amount of $3,200,000 and the bond selling price of $2,982,557 which means the bond issuance should be recorded as:
Dr Cash 2,982,557
Dr Discount on bonds payable 217,443
(3,200,000-2,982,557)
Cr Bonds payable 3,200,000
Answer:
190,390
Explanation:
Budgeted direct labor-hours 9,400
Variable manufacturing overhead rate $ 8.60
Variable manufacturing overhead $ 80,840
Fixed manufacturing overhead 127,840
Total manufacturing overhead 208,680
Less depreciation 18,290
Cash disbursement for manufacturing overhead $ 190,390
The questions are;
a) What is the probability that both Alice and Betty watch TV tomorrow?
b) What is the probability that Betty watches TV tomorrow?
<span>c) What is the probability that only Alice watches TV tomorrow?
the probability of alice turning on the tv is 0.6
the probability of betty watching the tv once the tv is on is 0.8
a)
in probability when the word and is mentioned then that means that both the conditions should occur therefore the probability of both instances are multiplied
the probability of alice watching tv - 0.6
probability of betty watching tv is 0.6 * 0.8 = 0.48
since the </span>probability of betty watching tv depends on both alice switching on the tv and of betty actually watching tv
therefore the probability of both watching tv = 0.6 * 0.48 = 0.288
b)
probability of betty watching tv alone is dependent upon alice turning on the tv
this is conditional probability, where one condition is depedent on another condition, in this case both alice should turn on the tv and betty should watch tv.
Therefore we have to multiply the probabilities of both events
probability of betty watching tv as calculated above is 0.6 * 0.8 = 0.48
c)
only alice watching tv means that betty doesn't watch
the probability of betty not watching the tv = 0.6 * 0.2 = 0.12
this too, 2 events should occur. Alice should switch on the tv and betty should not watch tv. Therefore these 2 probabilities should be multiplied
therefore probability of only alice watching tv = 0.6 * 0.12 = 0.072