Through november, cameron has received gross income of $107,500. for december, cameron is considering whether to accept one more work engagements for the year. engagement 1 will generate $9,170 of revenue at a cost to cameron of $4,650, which is deductible for agi. in contrast, engagement 2 will generate $7,950 of qualified business income (qbi) which is eligible for the 20% qbi deduction. cameron files as a single taxpayer.

Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?

Only the united states has embassies. true or false