Business, 21.02.2020 17:06 mdrifraf

Katie is a shareholder in Engineers One, a civil engineering company. This year, Katie's share of the net business income from Engineers. One is $200,000. Assume that Katie's allocation of wages paid by Engineers One to it's employees is $300,000 and her allocation of Engineers One's qualified property is $150,000 (unadjusted basis of equipment , all purchased within the past three years) Assume Katie, has no other business income, no capital gains or qualified dividends, and that her taxable income before the deduction for qualified business income is $400,000.Required:a. Calculate Katie's deductions for qualified business income. b. Assume the same facts as earlier, except Katie's net business income from Engineers One is $400,000 and taxable income before the deductable for qualified business income is $350,000.

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 22:30

Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment

Answers: 1

Answer

Business, 22.06.2019 10:30

Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)

Answers: 2

Answer

Business, 22.06.2019 11:10

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value

Answers: 2

Answer

Business, 22.06.2019 11:20

You decided to charge $100 for your new computer game, but people are not buying it. what could you do to encourage people to buy your game?

Answers: 1

Answer

You know the right answer?

Katie is a shareholder in Engineers One, a civil engineering company. This year, Katie's share of th...

Questions