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Likurg_2 [28]
2 years ago
13

This year, Herb Partnership generated $740,000 ordinary business income. Herb has two equal partners: Savory LLC and Sweet Corp.

, an S corporation. Savory LLC has three members: Mr. Parsley, an individual who owns a 40 percent interest; Mrs. Rosemary, an individual who owns a 35 percent interest; and Sage Inc., a C Corporation which owns a 25 percent interest. Sweet Corp. has 100 shares of outstanding stock, all of which are owned by Ms. Mint, an individual.
Required:
Identify the taxpayers who must pay tax on the partnership income, and determine how much income must be reported by each.
Business
1 answer:
nekit [7.7K]2 years ago
7 0
No equivalent fraction of the equation is instructions to follow and analyze the diagram below the complete 5509 50 507MLG equals 43.6%, MLI equals 46.4%, GH equals $35.81 calls equals style equation to the 4396 equals I’m
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Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone
grigory [225]

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Yes

Explanation:

Edge 2021

5 0
2 years ago
Tyell Corp. is a financial consulting firm. The firm has a varied client base. It also hires employees from various ethnicities
lara [203]

Answer:

In the given scenario, Tyell Corp. uses

b. readiness-based diversity training

Explanation:

Diversity Training:

A type of training in which the audience are trained to accept and understand the diversity of traits and cultural backgrounds of people.

  • In this scenario, Tyell Corp. teaches its diversified employees to ask questions stereotypes and change their personal opinion about each other. As this training is encouraging to understand the diversification so the option a and c are not valid.
  • The options b is valid as the consulting firm is motivating its employee to ask the questions and understand other people that is preparing the employee to accept the differences. So, they can work in harmony for the progress of the firm
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8 0
2 years ago
Recruitment sources are unlimited; therefore, an organization must decide how to reach the best sources of potential employees.
Verdich [7]

Answer:

1. a. Newspaper advertising

2. b. Headhunters

Explanation:

1. Newspaper advertising is the best source to hire as its a big number of positions and fill the vacancies according to the requirement of an organization.

2. Headhunters may be defined as it is the process of recruitment where a high-level position is fulfilled instead of entry-level. Headhunters are not appropriate to hire for entry-level positions.

4 0
2 years ago
.Rhonda has agreed to invest $16,000 in a partnership with her sister and brother-in-law. Rhonda does not plan to work in the pa
Elena-2011 [213]

Answer:

The correct answer is option 4.

Explanation:

Rhonda has agreed to invest $16,000 in a partnership with her sister and brother-in-law. she does not plan to work in partnership or invest any of her wealth other than $16,00. But she intends on sharing profits. This implies that Rhonda is a limited partner in the business.

A limited partner is a partial owner of a business. His/her liability to the business's debts is limited to the extent of the amount he/she has invested in the business. Such partners are often called silent partners as they don't have any involvement in the day to day operations.

3 0
2 years ago
Vitale Hair Spray had sales of 27,000 units in March. A 60 percent increase is expected in April. The company will maintain 20 p
romanna [79]

Answer:

50,490 units

Explanation:

The computation of the number of units the company should produced is shown below:

= Expected sales units + ending inventory units - opening inventory units

where,

Opening inventory units is 1,350 units

Expected sales units is

= $27,000 + $27,000 × 60%

= $27,000 + $16,200

= 43,200 units

The ending inventory units is

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= 8,640 units

So, the units to be produced is

= 43,200 units + 8,640 units - 1,350 units

= 50,490 units

5 0
2 years ago
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