Answer: Refundable Tax Credit
Explanation:
When a tax credit is able to reduce your tax liability to below zero and then the remainder is returned to you, that is a Refundable Tax Credit. For Instance, if you get a Refundable tax credit from the IRS of $300 and your Tax Liability is $250 then not only do you not have to pay the liability but the IRS will give you $50 which is the remainder after the tax credit reduced the liability to $0.
If you have $0 in Liability, you can still apply for a Refundable Tax Credit which means that you will be paid the whole thing.
Some people therefore first calculate their taxes and then remove the deductions and apply for Non-refundable tax credits and then when their liability is at the lowest, they apply for a Refundable Tax Credit which then means that they can stand a chance to get something from the IRS.
Answer:
$255,000
Explanation:
Given that,
2016:
Taxable and pretax financial income = $850,000
Tax rate = 30%
2017:
Taxable and pretax financial income = $850,000
Tax rate = 35%
Income tax refund receivable in 2018:
= Taxable and pretax financial loss in 2018 × Tax rate in the year 2016
= $850,000 × 30 percent
= $255,000
Note:
(i) The carry back provision allows losses to be carried back to preceding 2 years, with the amount of net loss being applied to earliest year first.
(ii) 2018 net loss should be applied to income of 2016 first.
Answer: Supply Chain Management.
Explanation:
Supply Chain Management is a very integral part of any business's business.
It refers to that system by which a country controls everything that has to do with the sourcing of raw materials to the production of goods from those raw materials.
An Effective supply chain will give a company an edge in operations as it will lead to goods getting to the customer faster as well as savings for the company amongst others.
Linguists have identified five basic components (phonology, morphology, syntax, semantics, and pragmatics) found across languages.