User Account

All Pages

What is Dot QBI deduction

Assignment Help Accounting Basics
Reference no: EM132612821

Question - Dot is single and is a shareholder in Water Tower, Inc., an S-Corporation. Water Tower is Dot's law practice. Dot's 2020 share of net business income from Water Tower is $275,000.

Dot's share of wages paid by Water Tower to its employees is $80,000 and her share of unadjusted basis of qualified property is $1,000,000.

Dot's taxable income before the deduction for qualified business income is $350,000,including $75,000 of dividend income from a REIT. What is Dot's QBI deduction?

a. $15,000

b. $45,000

c. $60,000

d. $70,000

e. None of these

Reference no: EM132612821

Questions Cloud

What is yakko qbi deduction : Yakko's 2020 taxable income before the deduction for qualified business income is $500,000, What is Yakko's 2020 QBI deduction
How business can benefit from well-managed database : How business can benefit from a well-managed database, BI, the Internet, and wireless technology.
Important corporate taxation concepts : Describe and explain what you believe are the top three most important corporate taxation concepts you learned in this course.
Calculate the number of outstanding deposits at the end : General ledger account for cash showed deposits of $ 1900. Calculate the number of outstanding deposits at the end of September 2020.
What is Dot QBI deduction : Water Tower is Dot's law practice. Dot's 2020 share of net business income from Water Tower is $275,000. What is Dot's QBI deduction
Why the menu affects so many parts of the operation : Why the menu affects so many parts of the operation and how successful menu design and engineering can help the profitability of an operation.
Calculate return on assets for the year : ABC Inc. had total assets at the beginning of the year of $ 2000000 and total assets, Calculate return on assets (ROA) for the year.
How do calculate the debt to equity ratio : Calculate the debt to equity ratio. Round your answer to two digits. Accounts payable $ 12800. Deferred revenue (all current) $ 4000
Processing and storage of bacterial samples : Detailed note on the collection, transportation, handling, processing and storage of bacterial samples?

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: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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