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Effectus [21]
1 year ago
5

Calculate the deferred tax liability given the following Items Incurred In 2020 by Company B. Bonuses are tax deductible only in

the year in which they are paid. AccountingIncome $86,000 Deprec1at1on Expense $6,500 Tax Depreciation $4,000 Income Not Recognized InThe Current Period For Tax Purposes $4,700 2019 Bonus Paid in 2020 $2,630 Accrued Bonuses in 2020 $3,500 Tax Rate 28%
Mathematics
1 answer:
german1 year ago
8 0

The deferred tax liability in 2020 for Company B.  would be $372.

<h3>How much of the deferred tax liability is incurred?</h3>

First, we have to find the taxable income:

= $86,000 + $6,500 + $3,500 -$ 4,000 - $4,700 - $2,630

= $84,670

Now, as the accounting income of $86,000 is more than the taxable income of $84,670, there will be a deferred tax liability of:

= ($86,000 - $84,670) * 28%

= $1,330 * 28%

= $372

Therefore, the deferred tax liability in 2020 for Company B.  would be $372.

Read more about deferred tax liability

<em>brainly.com/question/16102904.</em>

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Use the properties of exponents to determine the value of aa for the equation:
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Answer:  a = -2/3

Step-by-step explanation:

Let's start by multiplying both sides by x to simplify:

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5 0
2 years ago
a farmer has 10 acres to plant in wheat and rye. He has to plant at least 7 acres. However, he has only $1200 to spend and each
Jobisdone [24]

Answer:

4 acres of wheat and 4 acres of rye.

Step-by-step explanation:

Given: Farmer has only 7 acre, he has plant at least 7 acres.

          Farmer has only $1200 to spend.

          Each acre of wheat will cost $200 and rye will cost $100.

          Planting time is only 12 hours

          Wheat planting take 1 hour per hour and rye take 2 hours per acre.

          Profit on wheat is $500 per acre and rye $300 per acre.

As to find out maximum profit, we need to plant maximum wheat.

While dividing number of acres of land for wheat and rye for plantation, we need to keep two constraint in the mind; Constraint of cost and time as given.

Lets assume few number considering these constraint to get maximum profit.

First assumption, 5 acres of wheat and 2 acres of rye

Time taken= 5\times 1= 5 h\\2\times 2= 2 h

Total time taken 7 hours

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Total cost is $ 1200.

Profit= 5\times 500= \$ 2500\\2\times 300= \$ 600

Maximum profit= $3100.

Second assumption, 4 acres of wheat and 4 acres of rye.

Times taken= 4\times 1= 4 h\\4\times 2= 8 h

Total time taken is 12 hours

Amount spent= 4\times 200= \$ 800\\4\times 100= \$ 400

Total cost is $1200.

Profit= 4\times 500= \$ 2000\\4\times 300= \$ 1200

Maximum profit= $3200.

∴ By using hit and trail method, we can see that we are getting maximum profit when farmer is planting 4 acres of wheat and 4 acres of rye.                

8 0
2 years ago
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Mekhanik [1.2K]

Answer:

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