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 partnership.
B) the sole proprietorship.
C) the C corporation.
D) the S corporation.
C) the C corporation.
The qualified business income deduction only applies to income earned from a pass-through entity. All of the responses are considered pass-through entities except the C corporation.
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Athletic Apparel and Sports Supplies are departments of World of Sports. Sheila manages both departments and employs three experts. Falana works full-time at Athletic Apparel and receives $1,000 each month; Carlos was originally hired to work full-time at Sports Supplies, but now works 60% of the time at Athletic Apparel and 40% of the time at Sports Supplies and receives $1,200 each month; Ana
works full-time at Sports Supplies and receives $1,100 each month. To compute departmental operating income, how much salary expense would Sheila record? a. $3,300 for World of Sports b. $1,580 for Athletic Apparel; $1,720 for Sports Supplies c. $1,720 for Athletic Apparel; $1,580 for Sports Supplies d. $2,200 for Athletic Apparel; $1,100 for Sports Supplies
Which of the following variables indicates a measure of cumulative profitability over time?
a. Retained earnings (balance sheet)/total assets b. Earnings before interest and taxes/total assets c. Working capital/total assets d. Market value of equity/book value of total debt e. Sales/total assets
One model for team effectiveness is the ______.
A. team performance curve B. five-stage model C. punctuated equilibrium model D. input-process-output
Benchmarking provides low-cost providers such as Dollar General, Ryanair, T.J.Maxx, and Nucor Steel with
A. proof of resource availability. B. a company strategy. C. improvements to internal processes. D. verification of total cost ownership. E. hard evidence of cost competitiveness.