Sergio Fernandez owns and manages his single-member LLC which provides a wide variety of accounting services to his clients. He is married and will file a joint tax return with his spouse, Goretty. His LLC reports $250,000 of net income, W-2 wages of $120,000, and assets with an unadjusted basis of $75,000. Their taxable income before the QBI deduction is $215,000 (this is also their modified taxable income). Determine their QBI deduction for 2019.
What will be an ideal response?
Even though this is a “specified services” business, Sergio and Goretty’s taxable income before the QBI deduction is below the $321,400 threshold in 2019. As a result, their QBI deduction is $43,000, computed as follows: 1. 20% of qualified business income ($250,000 x 20%), or $50,000 2. 20% of modified taxable income ($215,000 x 20%) $43,000
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Senior management of a consulting services firm is concerned about a growing decline in the firm's weekly number of billable hours. The firm expects each professional employee to spend at least 40 hours per week on work. In an effort to understand this problem better, management would like to estimate the standard deviation of the number of hours their employees spend on work-related activities in a typical week. Rather than reviewing the records of all the firm's full-time employees, the management randomly selected a sample of size 50 from the available frame. The sample mean and sample standard deviations were 48.5 and 7.5 hours, respectively.
(A) Construct a 99% confidence interval for the standard deviation of the number of hours this firm's employees spend on work-related activities in a typical week.(B) Interpret the 99% confidence interval constructed in (A).(C) Given the target range of 40 to 60 hours of work per week, should senior management be concerned about the number of hours their employees are currently devoting to work? Explain why or why not. What will be an ideal response?
Edwin Ghiselli identified ______ significant traits for effective leadership.
a. 4 b. 6 c. 8 d. 10
________ is a common sampling technique for small, lightweight products that are nonperishable.
A. Location sampling B. In-store sampling C. Door-to-door sampling D. Sampling through the mail E. On-package sampling
_____ refers the standard terms and conditions that are usually preprinted on the back of forms used by the purchaser (and the seller)
a. RFQ b. PO c. RFI d. Boilerplate e. None of the above.