Andy, Becky, and Charlie formed a partnership. Their business was to create Web pages for students. They would take a person's academic and career information and make an attractive Web page. Andy supplied the computer and technical advice. Becky was the business manager. Charlie did the bulk of the marketing. Charlie and Becky became irritated with Andy, as it seemed they did more work than he did. Charlie and Becky decided to end their partnership with Andy. During the winding-up process, how are the assets of the partnership paid out?

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)

Asmartphone manufacturing company uses social media to achieve different business objectives. match each social media activity of the company to the objective it the company achieve.

Jacob is a member of wcc (an llc taxed as a partnership). jacob was allocated $155,000 of business income from wcc for the year. jacob’s marginal income tax rate is 37 percent. the business allocation is subject to 2.9 percent of self-employment tax and 0.9 percent additional medicare tax. (round your intermediate calculations to the nearest whole dollar a) what is the amount of tax jacob will owe on the income allocation if the income is not qualified business income? b) what is the amount of tax jacob will owe on the income allocation if the income is qualified business income (qbi) and jacob qualifies for the full qbi duduction?