The new tax law changes corporate tax rate to a lower 21%, it also changes some thresholds
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Question:
The new tax law changes corporate tax rate to a lower 21%, it also changes some thresholds of the “pass-through” entities. For example, business owners may deduct 20% of their QBI (qualified business income).
Explain why partnerships and S corporations are considered “pass-through” entities and present an example of how the pass-through works.
Related Book For
Financial management theory and practice
ISBN: 978-0324422696
12th Edition
Authors: Eugene F. Brigham and Michael C. Ehrhardt
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