Business, 28.08.2020 17:01 brooke012002
1. You are the owner of a small business that is a defendant in a lawsuit in federal court. You received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. Your lawyer tells you that it is within your legal right to hire him to file an appeal with the United States Court of Appeals. If the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. Evaluate your lawyer's suggestion about appealing the decision.
Answers: 2
Business, 22.06.2019 13:30
Presented below is information for annie company for the month of march 2018. cost of goods sold $245,000 rent expense $ 36,000 freight-out 7,000 sales discounts 8,000 insurance expense 5,000 sales returns and allowances 11,000 salaries and wages expense 63,000 sales revenue 410,000 instructions prepare the income statement.
Answers: 2
Business, 22.06.2019 13:40
Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?
Answers: 2
1. You are the owner of a small business that is a defendant in a lawsuit in federal court. You rece...
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