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goldfiish [28.3K]
2 years ago
15

Katie was notified in November that she will be receiving a $75,000 bonus. This is her first year as an executive and she is thr

illed, but she is concerned about the tax impact. She decides to take $25,000 in December (the normal payable date) and to defer the residual for 15 years when she plans to retire. Does Katie have a taxation issue assuming that there is an immediate vesting policy in place for her employer's deferred comp plan
Business
1 answer:
LekaFEV [45]2 years ago
5 0

The answer is Yes, Katie have a taxation issue assuming that there is an immediate vesting policy in place for her employer's deferred comp plan

The term impact is used to describe the immediate consequences or initial imposition of a tax. The tax impact first affects the taxable person. Therefore, those who are eligible to pay taxes to the government are in effect. The

cascade tax effect is also known as "taxable". This effect occurs when goods are taxed at all stages of production. Such goods are taxed until they are finally sold to consumers. This means that subsequent transfers of goods will be taxed, including the tax levied on the previous transfer.

Learn about tax here:brainly.com/question/3380200

#SPJ4

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Fill in the blanks with the words given below.
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Answer:

1. Benign tumor.

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Explanation:

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4 0
3 years ago
Use the following information to answer this question.Harris Company produces a single product. Last year, Harris manufactured 1
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Answer:

D. $27.30.

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