Under the dollar-value LIFO retail method, to determine the value of a LIFO layer: Multiple Choice Divide the LIFO layer by the layer-year cost-to-retail percentage and multiply by the layer-year price index. Multiply the LIFO layer by the layer-year price index and by the layer-year cost-to-retail percentage. Divide the LIFO layer by the layer-year price index and multiply by the layer-year cost-to-retail percentage. Multiply the LIFO layer by the base year price index and the current year cost-to-retail percentage.

Walter wants to deposit $1,500 into a certificate of deposit at the end of each ofthe next 6 years. the deposits will earn 5 percent compound annual interest. ifwalter follows through with his plan, approximately how much will be in his accountimmediately after the sixth deposit is made?

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

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?