ABC Partnership is a calendar-year, non publicly-traded partnership doing business in the United States. The partners have contacted you inquiring about the Section 199A qualified business income deduction. They have provided partnership information for Year 1 in the exhibit above. The partners do not have any other sources of income in Year 1 other than the partnership-related items provided. All of the partners are single and will use the single standard deduction of $12,550 on their individual federal income tax returns. Using the information provided above and in the exhibits, enter the amount of each partner’s taxable income before the qualified business income (QBI) deduction and Section 199A QBI deduction for Year 1 under two independent assumptions about ABC Partnership's business:

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.

Which change is illustrated by the shift taking place on this graph? a decrease in supply an increase in supply o an increase in demand o a decrease in demand

Newton industries is considering a project and has developed the following estimates: unit sales = 4,800, price per unit = $67, variable cost per unit = $42, annual fixed costs = $11,900. the depreciation is $14,700 a year and the tax rate is 34 percent. what effect would an increase of $1 in the selling price have on the operating cash flow?