Pat's taxable income exceeds $157,500 and thus he is required to phase out his QBI deduction. The phase-out calculation is:

Answers

Answer 1

Answer:

A) The lesser of 50% of business wages or 25% of wages plus 2.5% of the unadjusted basis of qualifying property

Explanation:

If a single filer's taxable income exceeds the $157,000 by $50,000 or more, their QBI deduction cannot exceed the greater of:

50% of taxpayer's allocable share of the W-2 wages paid with respect to the qualified trade or businessthe sum of 25% of such wages plus 2.5% of the unadjusted basis immediately after acquisition of tangible depreciable property

The qualified business income (QBI) deduction refers to taxable income passed through by partnerships, S corporations, LLCs, or a sole proprietorship. This is a below the line deduction that doesn't lower your AGI, but it lowers the amount of taxes.

Answer 2

Final answer:

Pat's QBI deduction phases out proportionally above $157,500, reducing by (taxable income - threshold) / ($207,500 - $157,500) of the maximum deduction.

Explanation:

I understand that Pat's taxable income exceeds the threshold for the QBI deduction phase-out and you'd like to know

the calculation involved. Here's a breakdown:

QBI Deduction Phase-Out Calculation:

The QBI deduction starts to phase out for single filers with taxable income exceeding $157,500 and is fully phased out by the time taxable income reaches $207,500. For married couples filing jointly, the thresholds are $315,000 and $415,000, respectively.

The phase-out is calculated proportionally based on the excess income above the threshold. Here's the formula:

Phased-out amount = Proportional factor * Maximum QBI deduction * Excess income

Where:

Proportional factor: (Taxable income - Threshold) / Phase-out range

Maximum QBI deduction: 20% of $200,000 (assuming single filer) = $40,000

Excess income: Taxable income - Threshold

Example:

Let's say Pat's taxable income is $180,000.

Proportional factor: ($180,000 - $157,500) / ($207,500 - $157,500) = 0.45

Excess income: $180,000 - $157,500 = $22,500

Phased-out amount: 0.45 * $40,000 * $22,500 = $36,000

Therefore, in this example, $36,000 of Pat's QBI deduction would be phased out.


Related Questions

Names for clear lip gloss

Answers

Answer:

crystal clear lip gloss

Explanation:

crystals are clear

Answer:

Shine like a diamond, Crystal CLEAR, ICYCLE, FROSTY NIGHT

Explanation:

What is the difference between traditional manufacturing and a cottage industry?

A. Manufactured products are better qually

B. Manufacturing is done on a lower scale.

C. Manufacturing is done on a larger scale.

D. Manufactured items are worth more.​

Answers

Manufactured products are better quality

Explanation:

Cottage industry:

Here the items are manufactured at the home itself.They are small-scaleThe number people employed will also be few in numberThere will not be any big factory set up, since a portion of home is allotted to the job.

Traditional manufacturing:

Large scale set upNo push and pulls as existing in the modern manufacturing systemThey have system to produce products

The difference between traditional manufacturing and cottage industry was manufacturing is done on a larger scale. Thus, the correct option is (C).

Traditional manufacturing refers to large-scale production in factories that uses machinery and standardized techniques. It entails the mass manufacture of things, frequently using assembly lines and specialized equipment.

The size of the output is the primary distinction between traditional manufacturing and cottage enterprise. Traditional manufacturing takes place on a bigger scale, sometimes including mass production in factories with technology and standardized methods.

A cottage industry, on the other hand, is characterized by smaller-scale manufacturing carried out in homes or tiny workshops, frequently by individual craftsmen or small groups of employees employing manual labor and minimal tools.

Therefore, the correct option is "C".

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she's a predator from your local ecosystem explain how it obtains its energy then describe its role in the food web​

Answers

Predators are supposed to feed on the herbivores and other carnivores

Explanation:

The predators are supposed to feed on the prey animals in the food web which in turn feed on vegetation and small animals.

When the predators are regularly feeding on such animals, overgrazing does not become a problem and the ecosystem is in balance as the prey animals can breed fast and eat up a lot of vegetation which grows slowly.

The predator serves an important function at the apex of the food chain consuming the consumer of the plants and vegetation.


5. How might the ADA's reasonable accommoda-
tion requirement affect workers such as law en-
forcement officers and firefighters?​

Answers

Answer:

How might the ADA's reasonable accommoda-

tion requirement affect workers such as law en-

forcement officers and firefighters?​

Explanation:

How might the ADA's reasonable accommoda-

tion requirement affect workers such as law en-

forcement officers and firefighters?​

Michael operates a farm stand. The supply function for apples at the farm
stand is P= Q-18, where Pis the price and Q is the quantity of baskets. If
Michael makes 30 baskets of apples, what price will he sell the baskets of
apples at?
O A. $18
O B. $30
O c. 56
O D. 812

Answers

Answer:

12

Explanation:

Answer:8$

Explanation:

identify the correct sequence of events leading up to credit problems that affected the economy:


Consumers became unable to pay back loans.


the economy grew.


banks loosened their criteria for approving loans and credit.


spending halted, and the economy experienced a recession.


consumers spent more.


businesses were left without payment on purchases they’d financed.

Answers

Answer:

Banks loosened their criteria for approving loans and credit

Consumers spent more

the economy grew

consumers became unable to pay back loans

businesses were left without payment on purchases they’d financed

spending halted , and the economy experience a recession

Explanation:

Final answer:

The sequence of events leading to a credit crisis includes: Economy growth, looser credit rules, increased consumer spending, consumers defaulting on loans, businesses left with unpaid financed purchases, and finally recession due to halted spending.

Explanation:

The correct sequence of events leading up to credit problems impacting the economy are as follows:

The economy grew: Exemplified by increased production and consumption, consumer confidence, etc. Banks loosened their criteria for approving loans and credit: This gave more individuals and businesses access to credit, encouraging more spending. Consumers spent more: With easier credit access, there was a surge in consumer spending. Consumers became unable to pay back loans: Over time, with the accumulation of debt beyond their ability to repay, consumers started defaulting on their obligations. Businesses were left without payment on purchases they’d financed: The inability of consumers to repay impacted businesses that had extended credit, leading to losses and financial tension. Spending halted, and the economy experienced a recession: High levels of default led to a halt in spending, banking crises, and ultimately, a recession in the economy.

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Which of the following is one business advantage of staying active on social media
sites?

A.Increasing your SEO rankings

B.Making more personal friends

C.Improving your time management skills

D.Understanding the Internet better

Answers

The advantage of staying active on social media sites is "Increasing your SEO rankings".

Explanation:

Increasing your SEO ranking is the right answer because, social media help us to increase the website traffic and makes our business alive.

Option 2: Business in different from friends circle. Though friends works as a partner, business is business. So staying active on social media is not about making more personal friends.

Option 3: Staying active on social media does not improve time management. It is done to promote the business

Option 4: To understand the internet better, staying active on social media alone will not help.

Answer:increasing you SEO rankings

Explanation:

what is the gdp for the united states for 2013 and 2014

Answers

The absolute value of GDP in United States rose $742,400 million with respect to 2013. The GDP per capita of United States in 2014 was $55,010, $1,949 higher than in 2013, it was $53,061. Hoped this helped!! Have an amazing day

Answer:

Explanation:

Update March 27, 2014: U.S. GDP Grew 2.6% In The Fourth Quarter 2013, Up From Last Estimate Update February 28, 2014: U.S. GDP Growth Estimate Reduced To 2.4% For The Fourth Quarter 2013

Why should you purchase insurance?
A)To avoid committing a crime
B)To prevent financial burden in the case of an accident, theft, or another event
C)To get a warranty on a household item
D)To purchase monthly premiums

Answers

Answer:

B

Explanation:

because that's just what insurance does

Insurance is essential for minimizing financial risks to prevent financial burden in the case of an accident, theft, or another event. So, option B is correct.

You should purchase insurance to prevent financial burdens in the case of an accident, theft, or other events that might lead to significant financial losse => Answer B). Insurance is a way to distribute risk among a group of people so that no single individual has to bear the entire cost of an unforeseen event. Households or firms with insurance pay regular amounts called premiums to an insurance company, which gathers these premiums into a pool. If a member of this pool suffers a loss from a specified risk, the insurance provides payments to cover this loss. This protection helps to ensure financial stability and peace of mind. Insurance can cover various types of property, such as houses, cars, boats, as well as health and life. It is critical especially when the potential losses are significant, such as the destruction of a home due to fire or storm damage. Moreover, deductibles are a common feature of insurance policies, which ensure that policyholders are still motivated to take proper care of their insured property and avoid negligent behaviors that might increase risk.

_____ are items such as utilities, rent, and food—items that one can’t do without.

Answers

Answer:

Need

Explanation:

Anything that is essential and we cannot live without is referred to as NEED. This could be in any form, the essentials such as air, healthcare, air. etc.so we can say that NEED are items such as utilities, rent, and food—items that one can’t do without.  People do mistaken NEEDS for WANTS their is a very clear difference Wants is something you would like to have and might not be necessary but NEED is something essentially required that you cannot do without.

what are some things many CTSO’s do for their members?

Answers

Answer: CTSO's do many things but so of those things include

organize competitions

provide hands-on experience

connect students with experts

organize leadership conferences

organize community service activities

Explanation: Hope this helped

:D

Answer:

Organize competitions

Provide hands-on experience

Connect students with experts

Organize leadership conferences

Organize community service activities

Explanation:

I just did the question and got it right

In a command economy workers decide where they will work true or false

Answers

Answer:

False

Explanation:

In a command economy, governments direct the labor by deciding who gets what jobs and what pay workers will receive.

Command economy also known as centrally planned economy is an economic system in which the decision of production and distribution is made by the government. The government determines what to produce?, how much to produce?, when to produce?, how to produce? and so on. The government control the economic activities of the country.

There is no private ownership of land, capital or any other resources. There is little or no competition because the government makes every economic decision. Market price is set by the central government.

Some of the most common challenges of working on a team are:
A Finding a shared vision and working with others.
3. Scheduling meetings and celebrations.
c Picking the right people to work with on the team
D. Reporting to the team leader and getting feedback.

Answers

Answer: C. Picking the right people to work with on the team

Explanation:

For the work to be carried out successfully it is important to have the right staff. When you choose the right people, it's much easier to be able to work as a team. Having the right person means that you are someone with goals that go along the same lines as the company, someone who follows the schedules at the time of the meetings and who is aware of the importance of feedback.

When companies hire someone, they make sure that they can be someone who is committed to performing their stated duties, someone with ideas and a good push for the team.

A(n)_______ tells you that a potential employer has determined that your skills and abilities are a good match for the company needs.

Answers

Answer: HR professional

Explanation:

Human Resource professional is the person who assess the skills and abilities of the candidates that attends the interview process.  The role of the HR professionals are recruiting, screening, interviewing and offering jobs.

Based on the requirements of the company the HR professionals carry out the selection process. On the completion of the recruitment process the HR professional tells the candidate that his skills and abilities are suitable for the position applied in the company. Once they are selected HR speaks about the compensation package for the job.

I find it exciting to be around people who are impulsive

Answers

Final answer:

The attraction to impulsive individuals suggests an appreciation for spontaneous experiences that interrupt routine, such as flash mobs or predictably unpredictable scenarios. However, spontaneity can lead to unexpected outcomes, which, especially when shared on social media, contribute to bonding through discussion and recollection of these experiences.

Explanation:

The statement you provided suggests that you find excitement in interacting with people who are impulsive. This might imply you enjoy shared experiences that break from routine or mundane activities. For example, participating in a flash mob event that, despite being highly designed and rehearsed, appears spontaneous and interrupts the ordinary flow of life.

Moreover, this attraction could extend to liking spontaneous events in different contexts, such as those found in sexual encounters that while sounding impromptus, are predictable. It is important to note that, while spontaneity can be thrilling, it can also lead to unexpected outcomes like challenges not going according to plan. But these successes and failures, especially when shared on social media, can tie people together through discussions, recollections, and repeats.

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NuKere, a nuclear plant, accidentally leaks hazardous waste onto a nearby property, despite having recently passed a rigorous set of safety checks. Under standards of strict liability, which of the following is true?

a) Nukere should be held liable because of the dangerous nature of hazardous waste. Regardless of safety checks, the accident happened.
b) NuKere can be held liable only if there is concrete physical evidence of harm to people or property.
c) Nukere cannot be held liable because anyone living nearby assumes the risk of hazardous waste toxicity.
d) NuKere cannot be held liable, as it just passed a strict set of safety checks.

Answers

Answer:

a.) Nukere should be held liable because of the dangerous nature of hazardous waste. Regardless of safety checks, the accident happened.

Explanation:

"Nuclear power plants" are known to be the most reliable source of electricity there is in the world. However, they pose some risks especially when it comes to the possibility of a nuclear accident happening.

When it comes to "nuclear third party liability," a strict liability of the nuclear operator means that the victim has no fault in any situation that might occur. This means that the operator is responsible or liable of the power plant's dangerous nature of hazardous wastes.

Whether or not they have recently passed safety checks, there is no need for them to prove anything on he is at fault. So, this makes Nukere liable for the situation.

This explains the answer.

Final answer:

NuKere would be held liable under strict liability regardless of the safety checks it passed. Strict liability applies when there is a dangerous or potentially harmful activity, regardless of fault or intent to harm.

Explanation:

Under the principles of strict liability, the correct answer is (a) NuKere should be held liable because of the dangerous nature of hazardous waste. Strict liability dictates that a party is liable if they are responsible for a dangerous or potentially harmful activity, regardless of fault or intent to harm. It applies particularly to situations where even the highest degree of caution was taken. So, even though NuKere passed safety checks, it would still be held liable under strict liability for any harm their waste leakage caused because managing hazardous waste is intrinsically a dangerous activity.

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Which of the following is a way to use information from market research? (Select all that apply.)

to refine marketing decisions
to spot marketing opportunities
to decide whether a product is safe to use
to monitor the performance of a product

Answers

Answer:

All of the options are very much true.

Explanation:

Marketing research can be used to identify and spot new trends. Marketing research can be used to refine the marketing decisions. It can give us very valuable inputs and insights, we can base our future directions on the base of them.

Marketing research can also be carried out to notice the effect of the product's performance and its usage related issues and problems as well. It is one of the very important tool which marketers have in order to generate more sales and profits.

Answer: I think it’s all of them

Explanation:

I just had this assignment and I’m missing one answer so I think it’s all of them sorry if I’m wrong

What percentage of job opening are published?
a. 10%-15%
b. 15% - 20%
c. 30% -35%
3596 -40%

Answers

Answer:B: 15-20%

Explanation:

Answer:

b-15%-20%

Explanation:

i had got it right on the quiz

How is a "spending plan" different than a "monthly budget"?

Answers

Answer:

A spending plan is what you are going to buy and when. A budget is a set aside amount of money for a set time. Hope that helps.

PLEASE ANSWER ASAP WITH 100% CORRECT ANSWER

Advances in farm technology have led to what result for US agriculture?

A. Greatly increased productivity

B. No change in productivity

C. Farmers enjoying higher incomes than ever before

D. More people working in agriculture than ever before

Answers

Answer:

a.greaty increased productivity

Explanation:

In the United States, which assessment system measures inflation?
A. demand for goods
B. supply of goods
OC. consumer price index
D. money supply in the economy

Answers

Answer:

C. consumer price index

Explanation:

Inflation is the general increase in prices in a country in a period. In the US, inflation is measured using the consumer price index, CPI. The CPI is a measure of the weighted average price of selected goods and services that represent the general consumption in the economy. The weighted average price at a particular time is compared to the weighted average price at the beginning of the period.

The weighted average price for the basket is compared to the previous period to determine the rate at which prices are increasing.  A high rate of price increment signifies a high rate of inflation. The Government sets a target rate of inflation for the economy. It employs fiscal and monetary policies to keep inflation within acceptable levels.

If a potential candidates references are positive, typically the next step to hire someone is:

Answers

Company will generally move to provide candidates with an offer letter

Which is not a characteristic of a demand curve?
A: positive, upward slope
B: inverse relationship
C: quantity label on the bottom
D: price on the left side

Answers

Answer: The correct answer is (A) : Positive upward slope.

Explanation: A demand curve is basically a graph like any other with the variables in potted on both the x-axis (left to right) and the y-axis (top to bottom). Understanding the definition of demand would make it easier to understand why the answer is option A and why the demand curve has a negative downward slope.

Demand can be defined as the quantity of a commodity or service that a consumer is willing and able to buy at a given price and at a particular point in time. And the law of demand states that “other factors being held constant, the higher the price of a commodity, the lower the quantity being demanded by the consumer. And the lower the price of a commodity, the higher the quantity being demanded by a consumer.”

This is simply a rational consumer behavior. So if the price of movie tickets were to go up let’s say from $10 to $15 then a consumer who previously could afford to watch 8 movies in a month (that’s $80) would be having second thoughts and so, rather than spend $120 per month on movie tickets, would be more inclined to watch less movies and stay within his/her $80 budget.

Therefore, on the demand curve, as the price of movie tickets moves positively towards the right side (on the x-axis), the quantity demanded would move negatively downwards (on the y-axis). As one variable increases the other one decreases, and vice versa. That explains why the demand curve has a negative downward slope.

What a example of a social news site

Answers

Explanation:

It encourages people community to post their newsThe news can be posted for a group or to a general public tooThe group or the general public can comment on the newsThe news which is interesting based on the reviews will be given the top priority

Example:

Reddit - A large site with huge number of user  

Digg - This is also quite popular and it has different categories of news where the user can view news based on his/her interest.

In double-entry bookkeeping, what goes in the left

Answers

Answer:Double-entry bookkeeping, in accounting, is a system of bookkeeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry has two equal and corresponding sides known as debit and credit. The left-hand side is debit and right-hand side is credit.

Explanation:

Answer:Cr. account

Explanation:account to be credited goes left

Jamie Lee now has to juggle the three monthly credit card bills for each of the retailers where she purchased her home furnishings. She is interested in getting one loan to consolidate the three store consumer credit cards so she may make a single payment on the goods per month. Using “Your Personal Financial Plan” sheet 17, comparing the consumer loan options that Jamie Lee may consider. What are your recommendations for her to consolidate her monthly consumer charge bills?

Answers

Explanation:

I would recommend Jamie Lee to use consolidating of her debt such as the credit card bills and taking personal loans only when she has a regular income and creditworthiness. She should also be able to payback her debts quickly and on time. If the interest rates offered by the company are lower for consolidated debt then she can choose this method to reduce her interest payments.

The debt management companies do not pay off her loans but they manage the funds through escrow account. On non payment it will result in diminishing personal credit score. Debt consolidation can be kept as the last resort when she is out of options to pay her debts.

Blue Valley College has 783 female students. This is 60% of the total student body. How many students attend Blue Valley College?

Answers

Final answer:

To find the total number of students at Blue Valley College, where 783 female students represent 60% of the student body, a proportion can be set up and solved. This calculation shows that the total student body is 1305 students.

Explanation:

To determine the total number of students at Blue Valley College, given that 783 female students represent 60% of the student body, we can set up a proportion as follows:

60% is to 783 students as 100% is to the total student body (T).

0.60T = 783

To find the total number of students (T), we divide both sides of the equation by 0.60:

T = 783 / 0.60

T = 1305

Therefore, the total number of students attending Blue Valley College is 1305.

What are the Dow and the S&P 500?
averages of stocks and bonds that are traded often
cumulative records of all stocks sold on the NYSE and other major exchanges
indexes that show the performance of limited but representative stocks
indexes that track the sales of all the stocks and bonds in the United States

Answers


cumulative records of all stocks sold on the NYSE and other major exchanges

Answer:

indexes that show the performance of limited but representative stocks

Explanation:

The Dow has changed the companies it tracks over the years to make sure they remain representative of the market as a whole. The S&P reports mainly stocks listed on the NYSE, but some of its stocks are traded on the NASDAQ and the OTC markets.

Aimee is decorating her new house. She found a table at
Pier One for $425. If the table is 25% off, what will it cost?

Answers

Answer:

i think it is 318.75

Explanation:

Answer: $318.75

Explanation: If you use the proportion x over total equals percent over one hundred you get $318.75. You would put x over 425 (x is the unknown and 425 is the total) equals 25 over one hundred (25 which is the percent and the percent is always on top of 100 because percents are out of 100). You multiply 425 (the total) times 25 (the percent) which equals 10,625. You divide that by 100 (because your using cross-multiplication) which equals $106.25. Then you subtract $106.25 away from $425 (because that is only the discount) and get $318.75. So the total markdown of the table is $318.75.

Select which of the ways that entrepreneurs improve the economy is being described:
As a family's basic needs are met, jobs are given to the people who help provide these needs.
O self-confidence
O demand and and for products
O taxes
Onew business
O new technology

Answers

Answer:

Select which of the ways that entrepreneurs improve the economy is being described:  As a family's basic needs are met, jobs are given to the people who help provide these needs.

new business

Explanation:

Entrepreneur improves the economy by starting a new business, they are employer of labor and improves the economy

The Primary and the most important way by which entrepreneurs improve the economy described in The statement "As a family's basic needs are met, jobs are given to the people who help provide these needs." is by new business. The correct answer is Option D.

The statement "As a family's basic needs are met, jobs are given to the people who help provide these needs." describes the way entrepreneurs improve the economy through new business. When entrepreneurs start new businesses to meet the needs and demands of consumers, they create job opportunities and stimulate economic growth.

After creating new businesses entrepreneurs improve the economy by the utilization of new technology to meet the demand and supply for products and services, leading to increased economic activity and potentially higher tax revenue. Additionally, successful entrepreneurial ventures can contribute to individuals' self-confidence and overall economic growth.

Therefore, The Primary and the most important way by which entrepreneurs improve the economy is by new business

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Which item has a unit rate of $6.50?O caps: 4 for $25.00o posters: 3 for $20.25o tote bag: 4 for $30.00O T-shirts: 5 for $32.50 How do I learn to rap A steel tube (G 11.5 106 psi) has an outer diameter d2 2.0 in. and an inner diameter d1 1.5 in. When twisted by a torque T, the tube develops a maximum normal strain of 170 106 . What is the magnitude of the applied torque T? Ariana and two friends decide to split a pizza and garlic bread. If the total cost for the food is $15.33, how much should each person pay? if the cost of goods sold was $42,000 the income from sales was $86,000 and the expenses were $12,000 find gross profit and net profit which sequence of group 18 elements demonstrates a gradual decrease in forces of attraction Write a proposal for three things that could be done to prevent erosion, and explain why they would work. 3. List two harmful effects that tobacco has on the heart. How did equality become a stronger component of American freedom after the Revolution? Describing John Adamss argument in Thoughts on Government. When political thinkers of the day proposed a , many of them intended to create a government that represented the in the upper house and the in the lower house, and contained a strong governor and judiciary to preserve the liberty of all. Baldwin Company had the following balances and transactions during 2019: Beginning Merchandise Inventory as of January 1, 2019 125 units at $82 March 10 Sold 80 units June 10 Purchased 250 units at $86 October 30 Sold 205 units What would be reported as Cost of Goods Sold on the income statement for the year ending December 31, 2019 if the perpetual inventory system and the first-in, first-out inventory costing method are used? After reading wonder, Janelle makes the inference that August does not go out in public very often. Which explicit text detail supports janelles inference 3 Fred is making a fruit salad. The ratioof cups of peaches to cups of cherriesis 2 to 3. How many cups of peacheswill Fred need to make 60 cups offruit salad? Solve for 18. will give brainliest to first answer Dying people often see ________a0 of loved ones who have died previously.Fill in the blank What type of management process function is being used when a manager motivates the workforce by rewarding them with additional vacation when standards are achieved? solve for x: (x-5)^2 = 49 11 Initially, a single resistor R 1 is wired to a battery. Then resistorR 2 is added in parallel. Are (a) the potential difference across R 1and (b) the current i 1 through R 1 now more than, less than, or thesame as previously? Nitrogen gas is transformed into ammonia C. Ammonification Release of ammonia during decomposition A. Denitrification The conversion of ammonia to nitrate and nitrite B. Nitrificaiton The reduction of nitrate into N2O, NO, and N2 D. Nitrogen fixation Juan purchased an antique that had a value of \$200$200dollar sign, 200 at the time of purchase. Each year, the value of the antique is estimated to increase 10\, percent over its value the previous year. The estimated value of the antique, in dollars, 222 years after purchase can be represented by the expression 200a200a200, a, where aaa is a constant. What is the value of aaa? what is more 1200cm or 10m