User Account

All Pages

What is Susan QBI deduction

Assignment Help Accounting Basics
Reference no: EM132857273

Question - Susan, a single taxpayer, owns and operates a bakery (as a sole proprietorship). The business is not a "specified services" business. In 2020, the business pays $100,000 in W-2 wages, has $150,000 of qualified property, and generates $150,000 of qualified business income. Susan has no other items of income or loss and will take the standard deduction of $12,400. Assume the QBI amount is net of the self-employment tax deduction. What is Susan's QBI deduction?

Reference no: EM132857273

Questions Cloud

Focus on cluster analysis : We focus on cluster analysis. What are the characteristics of data? What is a scalable clustering algorithm?
What are characteristics of anomaly detection : What are the characteristics of anomaly detection? Compare and contrast proximity and clustering based approaches.
Calculate the liquidation of the Corporate Tax : The company is entitled to a deduction for having made investments affected to R & D of € 1,200. Calculate the liquidation of the Corporate Tax
Protocols and threats to network security : You have been introduced to a set of concepts, protocols and threats to network security. Explain the basic idea about IPsec protocol, its aim and disadvantage
What is Susan QBI deduction : In 2020, the business pays $100,000 in W-2 wages, has $150,000 of qualified property, What is Susan QBI deduction
Research the facebook user data breach : Research the Facebook user data breach. Did Facebook have the necessary policies and procedures in place? Did Facebook adhere to their policies?
Law enforcement efforts against digital crime : Identify and explain the factors that have limited local law enforcement efforts against digital crime.
Important role of computer security profession : An important role of the computer security profession involves efforts to uphold policy and training.
Demonstrated operational excellence : Select an organization that has a Global platform (they operate in more than one country), that has demonstrated operational excellence

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd