subject
Business, 01.08.2019 22:30 slbutler2005

Under a partnership agreement, sarah is to receive 25% of the partnership's income, but not less than $12,000. the partnership's net income for this year was $32,000. what amount can the partnership deduct as a guaranteed payment, and what amount of income is sarah required to report on her individual tax return?

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:50
He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800
Answers: 1
question
Business, 22.06.2019 20:50
Lead time for one of your fastest-moving products is 20 days. demand during this period averages 90 units per day.a) what would be an appropriate reorder point? ) how does your answer change if demand during lead time doubles? ) how does your answer change if demand during lead time drops in half?
Answers: 1
question
Business, 23.06.2019 00:50
Amanufacturing firm is considering overhauling the existing compensation strategy. currently every front line employee who works on the assembly line earns the same hourly wage. ideally, management would like to institute a new pay system that involves pay-for-performance. which of the following recommendations is both consistent with scientific management's general emphases and generally good advice for management of this firma. the firm should adopt a differential pay system with one pay level for average performance, and a higher level for good performance. b. the firm should adopt a differential pay system, but the firm should modify it from its original design and provide many different levels of pay associated with different performance levels. c. the firm should understand worker psychology and to focus on pay as the key motivator. d. all of the abovee. none of the above
Answers: 1
question
Business, 23.06.2019 03:00
What is the w-4 form used for? filing taxes with the federal government determining the amount of money an employee has paid out in taxes calculating how much tax should be withheld from a person’s paycheck calculating how much income was paid in the previous year
Answers: 1
You know the right answer?
Under a partnership agreement, sarah is to receive 25% of the partnership's income, but not less tha...
Questions
question
Mathematics, 22.10.2020 01:01
question
Mathematics, 22.10.2020 01:01
question
Chemistry, 22.10.2020 01:01
question
English, 22.10.2020 01:01
question
Mathematics, 22.10.2020 01:01
question
Mathematics, 22.10.2020 01:01
Questions on the website: 13722361