Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
Renee manufactured and sold a "gadget," a specialized asset used by auto manufacturers that qualifies for the domestic production activities...
Renee manufactured and sold a "gadget," a specialized asset used by auto manufacturers that qualifies for the domestic production activities deduction. Renee incurred $15,600 in direct expenses in the project, which includes $3,400 of wages Renee paid to employees in the manufacturing of the gadget.
What is Renee's domestic production activities deduction for the gadget in each of the following alternative scenarios?
a.Renee sold the gadget for $32,500 and she reported AGI of $93,000 before considering the manufacturing deduction.
Domestic Production activities deduction____?
b.Renee sold the gadget for $44,700 and she reported AGI of $8,200 before considering the manufacturing deduction.
Domestic Production activities deduction____?
c.Renee sold the gadget for $55,500 and she reported AGI of $63,500 before considering the manufacturing deduction.
Domestic Production activities deduction____?
