I am a local aperitif wine producer cashing in on the $18 cocktail craze. I purchased about 235,000 gallons of bulk wine and add my own proprietary blend of sugar, herbs, and spices (via approved TTB formula). In 2020 I bottled about 230,000 gallons. Am I eligible to claim the tax credit for small domestic producers? What is my 2020 federal tax liability?

You estimate that your cattle farm will generate $0.15 million of profits on sales of $3 million under normal economic conditions and that the degree of operating leverage is 2. (leave no cells blank - be certain to enter "0" wherever required. do not round intermediate calculations. enter your answers in millions.) a. what will profits be if sales turn out to be $1.5 million?