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2 years ago

Is the sole shareholder of a corporation. for the past five years, has reported little or no taxable income as a result?

1 answer:

5 0

For the past five years, Logan has reported little to no taxable income because he paid Graham a salary of $500,000 a year.

Multiply that result by the number of shares held for each individual shareholder. Complete Appendix K, the form companies must submit to list the amount of income attributable to each shareholder for the tax year.

The gross S Corporation income (or loss) reported in Appendix E is included in the income from rentals, royalties, partnerships, S Corporations, trusts, etc. section of an individual's Form 1040.

S corporation tax rate refers to the federal, state, and local personal income taxes an S corporation must pay. S Corporation owners must pay state and local income taxes ranging from 0% to 13.3% and a maximum federal income tax of 39.6%.

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Arborview Plant Science Company has invented a drought resistant grass seed that only needs watering three times each year. In o

Zigmanuir [339]

Answer:

The scientist are looking to offer shares of stock to general public to raise some funds.

Explanation:

The seed scientist are looking to offer shares of stock of their company to genera public to raise some funds , so that they can expand the distribution of their product . Arborview plant science company will first time offer their shares to the public, so this process is called initial public offering and by doing this they will get funds from investor in return for part of ownership in the company.

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3 years ago

Accounting professionals can perform various services that provide assurance about the and of information given by one party to

Burka [1]

Answer:

It is true

Explanation:

Chartered Accountants most especially external auditors are trained to provide assurance services that will give credit and reliability to the financial information being presented to the users by the directors.

Their services include statutory audit and other related assurance services.

The report produced by a Chartered Accountant (e.g External Auditor) gives reasonable assurance to the shareholders of the company or any other external users.

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3 years ago

Without proposed Project A, a firm‘s estimated cash flows over the next 3 years is $275M. With proposed Project A, the firm

Gala2k [10]

Answer:

option B) $ 25M

Explanation:

Data provided in the problem:

Without proposed project A,

The estimated cash flows over the next 3 years = $ 275M

With the proposed project A,

The estimated cash flows over the next 3 years = $ 300M

Now, the amount of incremental cash flows associated with Project A will be calculated as;

Incremental cash flow = Cash flows (With Project A) - Cash flows (Without Project A)

on substituting the values, we get

Incremental cash flow = $ 300M - $ 275M = $ 25M

Hence, the correct answer is option B.

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4 years ago

According to the National Association of Realtors, the mean sale price for existing homes in the United States in 2011 was $214,

UkoKoshka [18]

Answer:

49.9%

Explanation:

Please see attachment .

6 0

4 years ago

You just paid $574,000 for an annuity that will pay you and your heirs $14,000 a year forever. what rate of return are you earni

ivann1987 [24]

Simply paying $574,000 for an annuity is a good way to pay you and your heirs $14,000 a yr for all time. what fee of return are you earning on this coverage 2.44%

The components of an annuity are:

total quantity = cash glide every yr fee of return

574, 000 = 14,000 charge of go back

rate of go back = frac{14,000}{574,000}

charge of go back=zero.0244

The fee of going back that you will be earning in this coverage is two. forty four%

An annuity is protracted-term funding this is issued by a covered employer and is designed to help defend you from the hazard of outliving your profits. through annuitization, your buy payments (what you make a contribution) are transformed into periodic bills which can final for existence.

An annuity is a sequence of payments made at identical intervals. Examples of annuities are regular deposits to a financial savings account, month-to-month domestic loan payments, month-to-month insurance payments, and pension payments. Annuities can be categorized by using the frequency of fee dates.

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5 0

2 years ago