From which of the following flow-through entities is ordinary income (K-1) considered self-employment income? a. Partnership. b.
Question:
From which of the following flow-through entities is ordinary income (K-1) considered self-employment income?
a. Partnership.
b. S Corporation.
c. Trusts.
d. Estates.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
a Partnership Feed...View the full answer
Answered By
Ishrat Khan
Previously, I have worked as an accounting scholar at acemyhomework, and have been tutoring busines students in various subjects, mostly accounting. More specifically I'm very knowledgeable in accounting subjects for college and university level. I have done master in commerce specialising in accounting and finance as well as other business subjects.
5.00+
134+ Reviews
426+ Question Solved
Related Book For
Fundamentals Of Taxation 2019
ISBN: 9781260158670
12th Edition
Authors: Ana M. Cruz Dr., Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
Question Posted:
Students also viewed these Business questions
-
Leonardos filing status is head of household. He has modified Adjusted Gross Income of $29,500, and he made a $3,000 contribution to his IRA. What is the amount of his retirement savings...
-
Thomas and Stephani are married with four qualifying children. Their AGI is $27,500. Calculate their EIC using the EIC formula. a. $6,431. b. $5,792. c. $5,768. d. $5,053.
-
Thomas is a self-employed plumber under the age of 50. His earnings from self- employment, before the Keogh deduction but after deducting half of the self-employment tax, are $80,000. What is his...
-
True Or False Death benefits are used to compensate the deceaseds family for pain and suffering.
-
a) In chess, the king can move one position in any direction. Assuming that the king is moved only in a forward manner (one position up, to the right, or diagonally northeast), along how many...
-
Contrast the market maker system of the CBOE with the specialist system of the AMEX and Philadelphia Stock Exchange. What advantages and disadvantages do you see in each system?
-
What would happen to the SML graph in Figure 8.8 if expected inflation increased or decreased? Figure 8.8 268 269 270 271 272 273 274 275 A Required Rate of Return TH-13.0% SML: r, RF+RPM * b D E F H...
-
Tang Company accumulates the following data concerning raw materials in making one gallon of finished product: (1) Pricenet purchase price $2.30, freight-in $0.20, and receiving and handling $0.10....
-
Te If you have $90,000 in a bank account that is paying an interest rate of 6 percent that is being compounded annually, how many years will it take to double your investment if the interest rate...
-
Refer to Problem 5. Assume that BKAngels initial investments in the three ventures had been Venture 1 = $500,000, Venture 2 = $300,000, and Venture 3 = $200,000, with each investment having achieved...
-
Which of the following entity (ies) is (are) considered flow-through? a. Partnership. b. S Corporation. c. LLC. d. All are considered flow-through entities.
-
Paul and Olivia filed a joint tax return and reported modified AGI of $192,000. They have two qualifying children for the purposes of the child tax credit. What is the amount of their child tax...
-
Use linearity and formulas (3)(5) to rewrite and evaluate the sums. 20 m=1 5+ 3m 2 2
-
Differentiate the confidentiality requirements of the Common law. Identify stakeholders involved in Common Law.
-
It's important these dynamics be considered when developing an international marketing campaign or initiative. In this assignment, it is necessary to play the role of a marketing manager at...
-
The Postponement principle or it may be called Assemble to order or finish to order is where the product or even service can be finished after receiving the actual order. The product main components...
-
You are considering starting a bus service to Whistler in the winter to take advantage of the ski season. You have an option to rent a 50 seat bus and plan to offer round trip service from downtown...
-
Recently, the Millennial generation outnumbered the Baby Boomers, becoming the most populous generation today. One of the strong values of the Millennials is work / life balance. As Millennials move...
-
The writing and confirming of L/Cs must achieve more than just risk shifting without overall gains, otherwise these techniques would not exist. What are the advantages?
-
1. Following are information about Alhadaf Co. Cost incurred Inventory Purchases Sales Adverting expense Salary Expense Depreciation Beginning Inventory Ending Inventory Amount 118,000 350.000 90,000...
-
Describe one of the three early theories of motivation and evaluate its applicability today.
-
Describe the relationship between goal-setting theory and self-efficacy theory.
-
Explain why organizational justice can be considered a refinement of equity theory.
-
The Big Beaver Company is trying to choose between the following two mutually exclusive projects: Cash Flow (A) Cash Flow (B) Year 0 -$15,000 -$2,000 1 8,500 2,500 2 8,500 2,500 3 8,500 2,500 A. If...
-
The following is a list of items that could be included in the intangible assets section of the balance sheet. (a) Indicate which items on the list below would generally be reported as intangible...
-
How does organizational culture intersect with broader societal norms, values, and trends, and what challenges and opportunities does this present for fostering inclusivity, diversity, and ethical...
Study smarter with the SolutionInn App