Which of the following taxpayers will NOT be eligible for a qualified business income (QBI) deduction for the business activity described?
Alejandro is a sole proprietor. He actively participates in his business and has a net profit of $60,000 this year.
Lindsay owns 10% of the shares of Gestures, Incorporated, an S corporation. She does not perform any services for the company. Her share of ordinary income is $3,000 this year.
Jeff owns 20% of the shares of Woodbury, Incorporated, a C corporation. He occasionally performs services and receives Form W-2 for his earnings.
Gina is a general partner of Business Case, a partnership. She actively participates in the business operation. Her share of ordinary income is $45,000 this year.

Answers

Answer 1

The taxpayer that will NOT be eligible for a qualified business income (QBI) deduction for the business activity described is option C: Jeff owns 20% of the shares of Woodbury, Incorporated, a C corporation.

Which business models are acceptable for Qbi?

QBI is the total of all qualified items of income, gain, deduction, and loss from all qualified trades or businesses, including partnership, S corporation, sole proprietorship, and certain trust income.

A partnership, S corporation, or sole proprietorship that generates qualified business income (QBI) may be eligible for the QBI deduction. You are not permitted to deduct any income that you receive from a C corporation.

Therefore, The net amount of qualified items of income, gain, deduction, and loss from any qualified trade or business, including partnerships', S-corporations', sole proprietors', and certain trusts' income, is known as QBI. Hence option C is correct.

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Related Questions

________ incentivizes people to care for and steward land and resources wisely.

Fossil fuel
Abundance
Communism
Private property

Answers

Communism incentivizes people to care for and steward land and resources wisely.

What is the essence of communism?

The cornerstones of communism are the fair distribution of wealth among a country's population and the communal ownership of all property. In particular, it demanded that the proletariat, or working class, take control of the means of production, such as manufacturing and agriculture.

Hence, Communism is founded on the idea that socioeconomic class conflicts can be eliminated by establishing a classless society in which everyone benefits from labor and the state is in charge of all property and wealth.

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which of the following is not one of the most common depreciation methods? a. units-of-activity method b. double-declining-balance method c. straight-line method d. sum-of-the-years-digits method

Answers

The units-of-activity method is not one of the most common depreciation methods.

What are the Different Depreciation Techniques?

Depreciation expenses come in a variety of forms, and there are several formulae for calculating an asset's book value. The most typical depreciation techniques are as follows:

Straight-line

decreasing balance twice

the manufacturing units

sum of the years' digits

In accounting, depreciation expenditure is utilized to spread out the cost of a tangible asset over the course of its useful life. In other terms, it is the decline in asset value brought on by usage, damage from use, or obsolescence over time.

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What is the use of registration card in front office department of hospitality industry

Answers

Answer:

After the guest arrives at the hotel, the front desk agent creates a guest registration record in order to collect important guest information like full name, address, date of birth, email, telephone number, company name, passport and visa details etc.

Answer:

Every business which has multi-departments should have a front office or a reception to receive the visitors. It is said that front office department is the face of the organization, as well as the voice of a business. Regardless of the rating of the hotel or the hotel type, the hotel has to have a front office as it is the most important and the first visible department of an organization.

Explanation:

What is the role of stakeholder mapping in the procurement​

Answers

Answer:

It is used primarily to gain knowledge, understanding and ideas from key individuals within the organisation. Engaging with the right internal stakeholders can ensure procurement functions gain understanding of strategic issues, cost-saving goals, value-add, compliance and organisational input moving forward.


A food worker has prepared a
large pot of rice that must be
cooled.

How should the food worker
cool the rice safely?

a. Place the pot in the refrigerator

b. Cover the pot and leave it at room
temperature

c. Separate the rice into smaller portions
and refrigerate

Answers

Explanation:

The food worker should separate the rice into smaller portions and refrigerate to cool the rice safely.

Very hot items can first be cooled at room temperature.

Put the food in a shallow dish so it cools more quickly. Once cooled, refrigerate all leftovers.

By this way a large pot of rice will be cooled easily.

A food worker should (c)Separate the rice into smaller portions

and refrigerate.

Why are very hot foods not kept in refrigerator?

Between 41 and 135 degrees Fahrenheit, dangerous germs can develop. The danger zone for foods is this spectrum. At these temperatures, germs that might be hazardous proliferate the fastest. Putting huge quantities of hot food in the refrigerator might cause it to reach this dangerous temperature.

How to quickly cool down food ?

Distribute huge food batches. FoodSafety.gov advises you to split meals into smaller or shallow storage containers when preparing big quantities of food, such as roasts and stockpots full of soup. As a result, the food will chill down more rapidly in the refrigerator.

Put some ice in the meal. Place the smaller food containers into an ice bath or run them under cold water to quickly chill goods before keeping them in the refrigerator.

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You walk outside only to find that your car has been towed because you
were parked illegally. You paid the towing company with a check and took
this unexpected expense from which budget?

Answers

'Utilities' can be used to pay for this unexpected expense

What is budget?

A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future spending and saving in addition to anticipated income and expenses.

Governments, companies, and people all utilize budgets as financial guidelines to monitor their income and expenses.

Maintaining that one's expenditure does not exceed their income is still a crucial component of financial planning.

What is utility budgeting?

Planning your spending and usage of energy according to your financial schedule. Taking into account the company's particular energy goals and making sure that budgets, along with any additional costs that need to be addressed, can be rolled up to appropriate responsibility centers.

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Why are credit card companies more willing to offer a young person a secured credit card than an unsecured card?

Answers

Answer: I work at a bank and we offer young person a secured card than unsecured card because people tend to steal a young persons card more than a middle aged man or woman, because people think it is just more effortless I guess.

Explanation:

a(n) ____________ involves interviewing business people at their offices concerning industrial products or services, a process that is very expensive.

Answers

A focus group involves interviewing business people at their offices concerning industrial products or services, a process that is very expensive.

Manufactured goods are goods that are produced primarily by using labor and capital to produce raw materials and other inputs. As such, product is the opposite of the primary product, but includes both intermediate and finished products.

Manufactured goods are goods intended to be sold for the purpose of producing other goods or providing services, as opposed to goods primarily intended for sale to final consumers.

Manufactured goods are purchased and used for industrial and commercial purposes. They consist of machinery, production equipment, raw materials, and other commodities or components used in industries or enterprises. Consumer goods are available for consumption and meeting human needs, such as clothing and food.

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a fixed asset should be removed from the accounts except a.when it is sold. b.when it is discarded. c.when it is fully depreciated. d.when it is given away.

Answers

A fixed asset should be removed from the accounts except  c.when it is fully depreciated.  

A fixed asset, also referred to as lengthy-lived belongings or assets, plant and gadget, is a time period used in accounting for assets and assets that may not without difficulty be transformed into cash. constant property are specific from modern-day assets, such as cash or financial institution bills, because the latter are liquid assets.

The term constant asset refers to a protracted-term tangible piece of belongings or system that a firm owns and uses in its operations to generate income. the overall assumption about fixed belongings is that they're predicted to remaining, be ate up, or be transformed into cash after as a minimum 365 days.

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Question 4 of 20
How is the equilibrium price found using a supply and demand graph?
A. It is found at the midpoint of the supply curve.
B. It is found at the midpoint of the demand curve.
C. It is found where the supply curve meets the demand curve.
D. It is found at the lowest point of the supply curve.
SOBMIT

Answers

Answer:

C.

It is found where the supply curve meets the demand curve

A buyer and seller have a serious disagreement regarding a defect in the swimming
pool. The buyer gives up and demands the deposit back. The seller disagrees and
demands the earnest money as liquidated damages. What should the broker do?

Answers

The broker will treat real estate  as deposits as liquidated damages.

What is demand?

Demand is the consumer's intention to buy a specific product or service.

The demand for a specific good on the market is known as market demand. The total demand for goods and services in the economy is known as aggregate demand. The price of an item or service is determined by how well supply and demand match. Recognizing the idea of demand.

Thus, the buyer demand for money has void.

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Self-management is very important when it comes to choosing our purpose in life. Without self-management we will have a more difficult path to our purpose.

True
False

Answers

Answer:

trueee

Explanation:

one of the goals of business intelligence is to _________.

Answers

Answer:

Improve an organization's business operations through the use of relevant data.

Explanation: The ultimate goal of BI initiatives is to drive better business decisions that enable organizations to increase revenue, improve operational efficiency and gain competitive advantages over business rivals.

To achieve that goal, BI incorporates a combination of analytics, data management and reporting tools, plus various methodologies for managing and analyzing data.

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Jerome says that he will spend exactly $25 each month on new apps for his mobile device, regardless of the price of apps. Jerome's demand for apps is

A. perfectly elastic.
B. perfectly inelastic.
C. unit elastic.
D. somewhat inelastic, but not perfectly inelastic.

Answers

Option C; Jerome says that he will spend exactly $25 each month on new apps for his mobile device, regardless of the price of apps. Jerome's demand for apps is unit elastic.

Unit elastic refers to a scenario in economics when a change in one variable causes an equally proportional change in another variable (also known as unitary elastic). One of the core ideas in economics is elasticity, which is essentially related to the idea of unit elastic. Elasticity in this sense refers to a variable's responsiveness to changes in another variable. Elasticity is a term economists frequently use to describe how a good's demand or supply changes in reaction to changes in its price or in consumer income. As a result, demand or supply curves that are totally responsive to price changes are sometimes referred to as having "unit elasticity."

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A student paraphrases the ideas of an expert criminologist in her essay on crime and deviance. Should she:

Answers

Based on the essay writing technique and standards, when a student paraphrases the ideas of an expert criminologist in her essay on crime and deviance. she should cite the source and reference it.

Paraphrasing ideas in the essay

The act of paraphrasing different ideas when writing an essay as a student is a very common thing. However, when paraphrasing, it is always expected that the writer cites the source and makes a reference to the original person who jas the idea to avoid plagiarizing.

Three methods of paraphrasing are the following:Acknowledging paraphrasingOrganizing paraphrasingAbstracting paraphrasing

Also, to make a proper paraphrasing, one needs to do the following:Ensure to use synonymsAlways use the different word formMake sure to change from active to passive.Always try and change the word order.Make use of a combination of techniques.

Hence, in this case, it is concluded that when a student paraphrases the ideas of an expert criminologist in her essay on crime and deviance, she should cite the source and reference it.

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If the price level increases by 0.2 percent for every $100 billion increase in the money supply, by how much might prices rise if the Fed increases total reserves by $40 billion and the reserve requirement is 0.05?

Instructions: Round your response to two decimal places.

Answers

Answer: 1.60

Explanation:1.) 40/.05= 800 bill 2.) 0.2 increase, so 0.2x(800/100)=1.6

Why is lifelong learning important?

Answers

Answer:

to be very educated

Explanation:

Answer:

to understand life and the world

What does trade allow for specialization?

Answers

Answer:

Trade allows specialization based on comparative advantage and thus undoes this constraint, enabling each person to consume more than each person can produce.

Explanation:

Note that common skills are listed toward the top, and less common skills are listed toward the bottom. According to O*NET, what are common skills needed by Postsecondary Education Administrators? Check all that apply.

speaking
active listening
reading comprehension
science
critical thinking
quality control analysis

Answers

According to O*NET, the common skills needed by Post-secondary Education Administrators are: Speaking, Active listening, Reading comprehension, and Critical thinking.

Administrators in postsecondary education help students with a range of activities, including class registration and admissions application completion.

Administrators in postsecondary education are in charge of faculty research, academics, and student services in colleges and universities.

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If a perfectly competitive firm receives a marginal revenue of $10 for its product and the minimum average variable cost is $11, then the firm should, in the short run:
a.reduce the level of output its produces
b.increase the level of output it produces
c.neither increase nor decrease the level of output it produces
d.shut down

Answers

If a perfectly competitive firm receives a marginal revenue of $10 for its product and the minimum average variable cost is $11, then the firm should, in the short run shut down.

For a perfectly competitive firm, the marginal revenue tends to equal price and as well as the average revenue. So, this implies that the firm's marginal cost curve in its short-run supply curve for values is thus greater than the average variable cost. So, if the price drops below average variable cost, the firm shuts down.

So, a firm's total profit is maximized by the producing the level of output at which marginal revenue for the last unit produced will thus equal its marginal cost, or MR = MC.

Hence, option D is correct.

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the party making the promise to pay the promissory note is the? a.maker. b.payee. c.lender. d.assignee.

Answers

Answer:

PAYEE

Explanation:

A promissory note is a legal instrument in which the first party (maker) promises to pay a specific amount to another (payee) at a specific time with specific terms and conditions.

For example: I want a business loan (promissory note). I go to the bank. They write up the paperwork. The loan officer (maker) agrees to pay me the $3000 at 6% for the next 3 years. I sign the paperwork stating I accept the loan (I am now the payee).

Question:
The owner of Tastee Cookies needs to decide whether to lease a small, medium, or large new retail outlet. She estimates that monthly profits will vary with demand for her cookies as follows:
If she feels there is a 30 percent chance that demand will be high, what is her expected payoff under certainty?
a. $1,100
b. $1,000
c. $500
d. $900
e. $1,600

Answers

If she feels there is a 30 percent chance that demand will be high, her expected payoff under is: c. $500.

How to find the expected payoff under certainty?

Chance demand is Low= 100% - 30%

Chance demand is low = 70%

EMV Small = 0.7($1,000) + 0.3($1,000)

EMV Small= $1,000

EMV Medium = 0.7($500) + 0.3($2,500)

EMV Medium = $1,100

EMV Large = 0.7($0) + 0.3($3,000)

EMV large= $900

Expected monthly profit = 0.7($1,000) + 0.3($3,000)

Expected monthly profit = $1,600

Expected payoff under certainty=$1,600 - $1,100

Expected payoff under certainty= $500

Therefore the correct option is C.

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2. Unemployment is likely to increase when

a. Aggregate demand is high
b. There is a period of moderate inflation
c. Workers voluntarily leave their jobs for new ones
d. The supply of goods is less than the economy demands

Answers

Unemployment is likely to increase when There is a period of moderate inflation

Inflation and unemployment have been historically maintained in  an inverse relationship which is  represented by the Phillips curve. Low levels of unemployment generally and typically corresponded with the  higher inflation whereas high unemployment always corresponded with lower inflation and even deflation also.

Inflation is the term which is used to describe the drop of a currency's purchasing power over a fixed time. Unemployment is the situation where the economists refer to when the number of jobless people which are willing to work in the given time  exceeds the supply of jobs in the workforce

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Bay Meadows Corporation designs and produces a line of golf equipment and golf apparel. Bay Meadows has 100,000 shares of common stock outstanding as of the beginning of 2024. Bay Meadows has the following transactions affecting stockholders' equity in 2024.



March 1 Issues 56,000 additional shares of $1 par value common stock for $53 per share.
May 10 Purchases 5,100 shares of treasury stock for $56 per share.
June 1 Declares a cash dividend of $1.55 per share to all stockholders of record on June 15. (Hint: Dividends are not paid on treasury stock.)
July 1 Pays the cash dividend declared on June 1.
October 21 Resells 2,550 shares of treasury stock purchased on May 10 for $61 per share.

Answers

The following entries will be made for Bay Meadows Corporation
Mar 01, 2024

DR Cash $2,968,000

CR Common Stock $56,000

CR Additional Paid in capital $2,912,000

May 10, 2024

DR Treasury Stock $285,600

CR Cash $285,000

Jun 01, 2024

DR Dividends $233,895

CR Dividends Payable $233,895

Jul 01, 2024

DR Dividends Payable $233,895

CR Cash $233,895

Oct 21, 2024

DR Cash $155,550

CR Treasury Stock $2,550

CR Additional Paid in Capital $153,000

What is Journal Entry?

Journal entry is the entry that is recorded to keep a record of the transactions of a company.

Dividend is calculated by adding 100,000 with 56,000 that were the stock issued and then deducting 5,100 of stock that was repurchased as treasury shares so the total of 150,900 shares are multiplied by $1.55 per stock of dividend.

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Your house is valued at $125,000. Assume the tax rate is 11.9 cents for every $100 of assessed value. How much will you be charged in real estate tax?

Answers

Answer:   The correct answer is $148.75 in real estate tax

Explanation:

The formula for tax computation:

(House Value/increment)*tax rate

(125000/100)*0.119

1250 * 0.119 = 148.75

Which of the following statements are CORRECT when comparing For AGI deductions to From AGI deductions? (Choose all that apply.)

a. Deduction for AGI reduce AGI thus reducing the limitations on other tax benefits that are decreased or phased out for higher income taxpayers.
b. For AGI deductions are also called deductions ""below the line"" or ""itemized deductions.""
c. From AGI deductions are generally preferred over deductions for AGI.
d. Certain from AGI deductions may not have an effect on taxable income despite the taxpayer incurring the expense.
e. For AGI deductions are subtracted directly from adjusted gross income.

Answers

Option a and d are correct when comparing For AGI deductions to From AGI deductions.  IRS calculates your annual income tax liability using your AGI.

Your annual gross income (AGI) is determined by adding up all of your revenue for the year and deducting specific income adjustments. Your AGI may have an impact on the amount of your tax deductions and your eligibility to contribute to certain types of retirement plans, such as a Roth individual retirement account. Your AGI less a few ordinarily permitted deductions is known as your modified adjusted gross income (MAGI). AGI and MAGI are likely to be similar for many persons.

The word "income tax" refers to a category of tax that governments levy on revenue produced by people and enterprises within their territorial authority. To assess their tax liabilities, taxpayers are required by law to file an income tax return each year.

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What is a PEST analysis of the UAE in terms of retail industry?
Political Economic Social Technology​

Answers

Answer:

UAE finds itself in, with the aid of a PESTLE analysis.

PESTLE analyses look at the Political, Economic, Social, Technological, Legal, and Environmental factors that affect a venture, organization, or country’s success.

how do supply and demand work together to influence the price of a product

Answers

When supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise. They have a inverse relationship.

Discuss why do wages differ across occupations?

Answers

Answer: Depending on the level or education.

Explanation: Some occupations require degrees and what not so if you have a degree or a phd you can get a job that has a higher wage because it required more knowledge. A job can offer a lower wage because it is easier or does not require studying or as much effort. An other factor is the rank, a janitor will be payed less than a lawyer because it is a very low rank. Difficulty also. Doctors and surgeons will be payed well because other humans lives are at risk whenever they perform a surgery

Prior to Christine Day's arrival, what was the culture of Lululemon?

Answers

Prior to Christine Day's arrival, the thing that was the culture of Lululemonm was that it was an ordinary athletic wear company.

What is the Lululemonm Christine  Day’s Legacy about?

In an interview with Retail TouchPoints, Bentz the CEO of Lululemonm  stated that Lululemon "has to sustain its core business, as well as that very committed consumer group that consists of parents who gravitate to all things Apple, Starbucks, and yoga." But the business must also expand its product line to include a lifestyle brand.

So, As a developing company, Lululemon will be moving on to the next phase without Christine Day, perhaps one of its most important assets.

Note that For Lululemon, Christine Day served as a port in the storm, according to Bentz. "Prior to her arrival, Lululemon was just a well-known manufacturer of athletic clothing with a devoted fan base.

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Rebecca was comparing various sizes of canned applesauce. A 16-oz can of one brand costs $7.78 and a 12-oz can of the same brand costs $6.85. Find the savings to thenearest cent on buying 96 ounces of applesauce in 16-oz. cans compared to 12-oz. cans.$6.98$7.87$8.12$9.06None of these choices are correct. find the product(x+2)(y^2+2y-12) Answer correctly and I will give Brainly -9(10-6r) help please Which of the following correctly shows the next two terms after -40 in the pattern?-10, 20, -40,....80, 160B-2.5,560, -80D80, -160 What type of writing is the following example?A expositoryB persuasiveC technical probe algebraically that. (2n+1)^2-(2n+1) is an even number. A work shift for an employee at restaurant count of 8 hours what fraction of the employees work shift is represented by 2 hours You have broken your left ankle in three places. The repair will require surgery. In order to learn the extentof the injury and then monitor the healing process after the surgery, imagesof the broken ankle areneeded. Which method (MRI, CT scan, or X-rays) is the best to use for this type of injury? Include adiscussion of the pros andcons of each technology to support your decision. Write the equation for the given parent function and listed transformations, please.x^2, right 1, reflect across the x-axis, vertical shrink by 1/3 Find mzi. 1 5 H 9 J Write your answer as an integer or as a decimal rounded to the nearest tenth. If 8.54 g of CuNO3 is dissolved in water to make a 0.520 M solution, what is the volume of the solution in milliliters? The graph shown is the solution set for which of the following Which product (if any) will form a precipitate in the following reaction?3Li2CO3 + 2Al(NO3)3 --> 6LiNO3 + Al2(CO3)3a)LiNO3 b)No Precipitate Formed c)Not this choice d)Al2(CO3)3 Solve for x. x - 4= -12 A. -8 B. -16C. 16 D. 8 A 0.0500-kg ice cube at 30.0C is placed in 0.400 kg of 35.0C water in a very well-insulated container. What is the final temperature? On its municipal website, the city of tulsa states that the rate it charges per ccf of residential water is. How do the residential water rates of other u. S. Public utilities compare to tulsa's rate? the file residentialwater contains the rate per ccf of residential water for randomly selected u. S. Cities. 4. A really impressive baseball teamwoulda. use extra players.b. lack the proper equipment.c. lead the league.d. play only night games. There are 8 roses in a vase of 11 flowers. The rest are daisies.(a) What is the ratio of roses to daisies?0(b) What is the ratio of daisies to all flowers in the vase?0$ P What are the all the expressions that are equivalent to 3 3/4