subject
Business, 13.04.2021 01:10 iyeshaik

Cye is the sole owner of Sports World Enterprises. The company earned net operating income of $85,000 during 2018 and had a LTCL of $12,000. He withdrew $40,000 of the profit from Sports World during the year. How should he report this information if Sports World each of the following entity types (ignore the qualified business income deduction): a. A sole proprietorship?
b. A C-Corp?
c. An S-Corp?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 04:30
Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income ax this year
Answers: 1
question
Business, 22.06.2019 09:30
Which of these is not a result of regular exercise
Answers: 1
question
Business, 22.06.2019 11:20
Which stage of group development involves members introducing themselves to each other?
Answers: 3
question
Business, 22.06.2019 20:20
Direct materials (4.2 x $15) $ 63direct labor ($12 x 17.5) $210manufacturing overhead ($2.40 x 17.5) $42total job cost $ 315dougan, inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. employees are paid $12.00 per hour. job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. employees worked a total of 17.5 hours to complete the job. actual manufacturing overhead costs totaled $80,000 for the year for the company. how much is the cost of job 24?
Answers: 1
You know the right answer?
Cye is the sole owner of Sports World Enterprises. The company earned net operating income of $85,00...
Questions
question
Chemistry, 17.01.2020 23:31
Questions on the website: 13722363