A taxpayer has various businesses which operate in different legal and tax forms. The qualified business income deduction will apply to the business income earned from all of the following businesses except

A. the C corporation.
B. the S corporation.
C. the sole proprietorship.
D. the partnership.


Answer: A

Business

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In terms of economic development and competencies, India's strength so far has been in services whereas China's has been in manufacturing.

Answer the following statement true (T) or false (F)

Business

If the sum of all task times is 100 and the cycle time is 10, then ______.

a. the number of workstations is 10 b. the number of workstations is 1,000 c. the balance efficiency is .88 d. the idle time is 3

Business

Sinclair Manufacturing uses a standard cost system

The T-account for manufacturing overhead is shown below: Manufacturing overhead 95,000 93,000 In addition to the above, Sinclair calculated the following overhead variances: Variable overhead cost variance: $5,000 F Variable overhead efficiency variance: $4,850 U Fixed overhead cost variance: $1,200 F Fixed overhead volume variance: $3,350 U Prepare the journal entry to close the manufacturing overhead account and record the overhead variances. What will be an ideal response

Business

You have just been hired as the new HR Director of your firm, and have received a complaint and summons served by the sheriff, relaying the lawsuit filed by a former employee. As you read through the complaint, you can see that the employee himself wrote it (and not a lawyer), but think you recognize what your predecessor did wrong. It was this:

a. The employee alleges that he was offered a month's severance pay in exchange for a release of claims against the company. b. The employee alleges he was never told why he was being fired, and thinks it was because he is Irish. He claims discrimination based on national origin. c. The employee alleges he was only given 2 hours to clean out his desk, while a security guard watched. d. The employee alleges he was called into the HR manager's office 4 times over the past 6 months, and given warnings that he was not performing satisfactorily. He alleges that this constitutes harassment.

Business