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Alexxandr [17]
2 years ago
13

Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a pass-through deduction

that is not limited as a result of it being an SSTB?
Business
1 answer:
mestny [16]2 years ago
4 0

It should be noted that the condition where he'll get a pass-through deduction is that he has a taxable income.

A pass-through deduction refers to a business that isn't subject to corporate income tax. Rather, such a business is taxed at individual income tax rates.

From the information given, the condition where Arthur will get a pass-through deduction is that he has a taxable income. Also, the deduction cannot be more than 20% of the taxable income.

Learn more about taxes on:

brainly.com/question/9437038

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The Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account durin
Marizza181 [45]

Answer:

C) $48,000

Explanation:

The account receivables is the account used to house revenue that has been earned but yet to be received in the balance sheet. It is the holding account pending the settlement of cash for services rendered or goods sold.

As such, where the Accounts Receivable account has a beginning balance of $10,000 and the company provides services of $50,000 on account during the month. The ending balance was $12,000

Let the amount received from customers be K

$10,000 + $50,000 - K = $12,000

K = $10,000 + $50,000 - $12,000

K = $48,000

8 0
3 years ago
Item 24 Time Remaining 31 minutes 59 seconds 00:31:59 Item 24 Item 24 Time Remaining 31 minutes 59 seconds 00:31:59 Real GDP per
skad [1K]

Answer:

After 100 years, real GDP per person in Alpha is <u>4 TIMES</u> smaller than real GDP per person in Omega.

Explanation:

Current real GDP per capita in Alpha = $2,000

in 100 years, the real GDP per capita in Alpha = $2,000 x (1 + 1.5%)¹⁰⁰ = $5,848.87

Current real GDP per capita in Omega = $2,000

in 100 years, the real GDP per capita in Omega = $2,000 x (1 + 2.5%)¹⁰⁰ = $23,627.43

Alpha's real GDP per capita is 4 times smaller than Omega's = $23,627.43 / $5,848.87 = 4.04 times

*I used the future value formula: FV = PV (1 + r)ⁿ

7 0
3 years ago
Enerico contributes $100,000 cash in exchange for a 40% interest in the calendar year ABC LLC. This year, ABC generates $80,000
Natasha_Volkova [10]

Answer:

A)$32000.00

B)$4000

Explanation:

3 0
3 years ago
List 2 ways in which constellations are used.
tangare [24]
In Ancient times, constellations were used to create and track the calendar so they knew when to plant crops and harvest them. Constellations were also used for navigation and to help sailors travel across oceans.
3 0
2 years ago
Read 2 more answers
Axiom International, an Australian company, wants to expand its operations to China, a country that is politically, culturally,
lara [203]

Answer:

B. Joint venture

On a Joint venture, Axiom will have partner which share the risk and cost of the project.

Also this partners can be local companies with knowledge ofthe Chinese market.

Axiom will have limited liability until his contribution.

It will generate new jobs in the country and include local business persons, this will be politically acceptable

This option has everything Axiom is looking for.

Explanation:

<em>A.- if Axiom uses a subsidiary</em> it will not have access to local knowledge. Also it will be the same entity, so it won't be sharing the cost.

It won't be what the company need

<em>C.- if exporting</em> it will not be expanding inside the country. Also it will not provide local knowledge or share the cost with a third party. The goverment may create additional tariff or market cuota or any other barrier to protect national companies.

It won't be what the company need

<em>E.- Licensing: </em>will be selling the brand name or product to a third party. It will not be part of the revenue stream entirely. A third party with knowledge of the market will exploit the benefit.

<em>D. Greenfield investments: </em>The company will establishes operations on the country. It will have a high cost, but will get the goverment approval for the jobs created in China. However it will be Axiom who takes the cost and risk for the entire investment.

These two are partially suitable, but with some backwards

5 0
3 years ago
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