In the current year, azure company has $350,000 of net operating income before deducting any compensation or other payment to its sole owner, sasha. in addition, azure has interest on municipal bonds of $25,000. sasha has significant income from other sources and is in the 37% marginal tax bracket. based on this information, determine the income tax consequences to azure company and to sasha during the year for each of the following independent situations. (ignore the deduction for qualified business income and the 3.8% medicare surtax on net investment income.) the rates on qualified dividends are 0%, 15% and 20%.

Reliability and validity reliability and validity are two important considerations that must be made with any type of data collection. reliability refers to the ability to consistently produce a given result. in the context of psychological research, this would mean that any instruments or tools used to collect data do so in consistent, reproducible ways. unfortunately, being consistent in measurement does not necessarily mean that you have measured something correctly. to illustrate this concept, consider a kitchen scale that would be used to measure the weight of cereal that you eat in the morning. if the scale is not properly calibrated, it may consistently under- or overestimate the amount of cereal that’s being measured. while the scale is highly reliable in producing consistent results (e. g., the same amount of cereal poured onto the scale produces the same reading each time), those results are incorrect. this is where validity comes into play. validity refers to the extent to which a given instrument or tool accurately measures what it’s supposed to measure. while any valid measure is by necessity reliable, the reverse is not necessarily true. researchers strive to use instruments that are both highly reliable and valid.