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andrezito [222]
2 years ago
13

The Tax Cuts and Jobs Act allows owners of a sole proprietor or partnership to deduct up to _____ percent of the income earned b

y the business from their individual return to arrive at taxable income beginning in 2018.
Business
1 answer:
Alexandra [31]2 years ago
7 0

The tax Cuts and Jobs Act took a massive reform law that allows business owners to deduct up to <u>20 </u>percent of their income earned to arrive at a Taxable income in 2018.

<h3>Who are the Tax Cuts and Jobs Act?</h3>

The Tax Cuts and Jobs Act (TCJA) is a landmark tax reform bill that went into effect in 2018, created for a new tax deduction for business owners.

  • Business owners who meet certain criteria can offset up to <u>20%</u> of their gross business income from their taxes, lowering their effective tax rate by 20%.

The changes include:

  • Lowering corporate and individual tax rates,
  • Boosting the standard deduction as well as family tax credits etc

Learn more about the Tax Cuts and Jobs Act here:

brainly.com/question/26428089

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Mr Coffey bought a house for 195,000 he made a 20% down payment the interest rate is 5.25% for 30 years
Jobisdone [24]

$39000

DOWN PAYMENT MEANS THE AMOUNT YOU PAY PAY AT THE TIME OF THE DEAL OF PURCHASING THE HOUSE.THERE IS USUALLY A PERCENTAGE OF THE TOTAL AMOUNT AND IS PAID IN A LUMP SUM.

20& OF THE COST OF HOUSE OUT HERE

I.E. 20% OF $195000

= 0.2 * 195000

=$39000

6 0
4 years ago
How much money will you have in a savings account that earns 16% annually in 10 years if you invest $5000 per year?
klio [65]

Answer:

The final value is $106,607.35.

Explanation:

Giving the following information:

n= 10 years

i= 16%

Annual deposit= $5,000

To calculate the final value we need to use the following version of the final value formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,000*{(1.16^10)-1]}/0.16= $106,607.35

3 0
3 years ago
Cash paid to retire notes $ 112​ Common shares acquired for treasury 172​ Proceeds from issuance of preferred stock 254​ Proceed
arsen [322]

Answer:

$176 million

Explanation:

The calculation of net cash inflows from financing activities is shown below:-

Net cash inflows from financing activities

Proceeds from issuance of preferred stock $254 million

Proceeds from issuance of subordinated  bonds $292 million

Less: Cash dividends paid on preferred stock (86) million

Less: Cash paid to retire note ($112) million

Less: Common shares acquired for treasury (172) million

Net cash inflows from financing activities $176 million

The positive sign represents the cash inflow and the negative sign represents the cash outflow

6 0
3 years ago
Ganado and Equity Risk Premiums. Maria​ Gonzalez, Ganado's Chief Financial​ Officer, estimates the​ risk-free rate to be 3.50 %​
Elza [17]

Answer:

WACC (CAPM) 5.2%

WACC (ICAPM) 5.03%

Explanation:

The weighted average cost of capital is

Ke * E/ E+D + Kd * (1 -t) D / E+D

Ke = Rf + (Rm - Rf) * \beta

Ke (CAPM) = 3.50% + (8% - 3.50%) * 1.12

Ke (CAPM) = 7.532%

Kd (CAPM) = Kd (1-t)

Kd (CAPM) = 7.60 (1-39%)

Kd (CAPM) = 4.636%

WACC (ICAPM) : 7.532 * 20% + 4.636 * 80%

WACC (CAPM) = 5.2164%

Ke (ICAPM) = 3.50% + (8% - 3.50%) * 0.86

Ke (ICAPM) = 6.596%

Kd (ICAPM) = Kd (1-t)

Kd (ICAPM) = 7.60 (1-39%)

Kd (ICAPM) = 4.636%

WACC (ICAPM) : 6.596 * 20% + 4.636 * 80%

WACC (CAPM) = 5.03%

7 0
4 years ago
If aggregate expenditure in an economy equals 1,000 0. 9y and full employment real gdp equals 9,000, then this economy has:_____
LenKa [72]

The economy would be in equilibrium as  AE = 1000 + 0.9Y

Y = 1000 + 0.9Y

Y - 0.9Y = 1000

(1-0.9) Y = 1000

Y = 1000/0.1

Y = $10000

AE = 10,000

<h3>What does total spending actually mean?</h3>

Aggregate expenditure, a macroeconomic statistic, is used to measure and evaluate the total amount of economic activity or output within a country. A nation's total outlays over a given time period are measured by aggregate expenditure, just as the gross domestic product (GDP) and national income.

Expenditures that alter in reaction to real GDP are referred to as induced aggregate expenditures. Take consumption spending as an example of an induced aggregate expenditure, which rises with real GDP.

For more information about aggregate expenditure refer to the link:

brainly.com/question/13525490

#SPJ4

6 0
1 year ago
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