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Semmy [17]
2 years ago
15

Clerc corp. has a permanent difference of $100,000 for interest on municipal bonds. what effect does this have on the effective

tax rate?
Business
1 answer:
astra-53 [7]2 years ago
7 0

The effective tax rate<u> is lower than</u> the statutory rate when Clerc corp has a permanent difference of $100,000 for interest on municipal bonds.

A person or business's effective tax rate is the proportion of their income that goes toward paying taxes. Individuals' effective tax rate is the sum of the rates at which they are taxed on both their earned  and unearned income. Comparatively, the statutory tax rate is the legally mandated percentage, while the effective tax rate is the average rate at which a company's pre-tax profits are taxed. The term "effective tax rate" refers to the amount of an individual's taxable income that is actually subject to taxation. The effective corporate tax rate is the rate at which a company actually pays taxes on its pre-tax profits. It is possible to calculate an effective tax rate that reflects an individual's or a business's overall tax liability even if the term "effective tax rate" is most commonly used to refer only to federal income tax.

To know more about effective tax rate refer to:

brainly.com/question/26660132

#SPJ4

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What is the name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate?.
vagabundo [1.1K]

The name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate is real GDP targeting.

<h3>What is a monetary policy?</h3>

It should be noted that a monetary policy are the actions that are taken in order to control the money in circulation.

In this case, the name of the monetary policy rule that changes interest rates based on a target for the nominal gdp growth rate is real GDP targeting.

Learn more about monetary policy on:

brainly.com/question/13926715

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8 0
2 years ago
A firm has the following order history over the last 6 months (see appended information). What would be a 4-month weighted movin
Scrat [10]

Answer:

A 4-month weighted moving average forecast for July would be 137.50.

Explanation:

Note: This question is not complete as the appended information is not provided. To complete the question, the appended information is therefore before answering the question as follows:

Month                Actual Demand

January                         120

February                        95

March                           100

April                               25

May                              200

June                               25

The explanation of the answer is now provided as follows:

The most recent month = June

The month preceding the most recent month = May

The month preceding that one = April

Last month = March

Therefore, we have:

Forecast for July = (June actual demand * 30%) + (May actual demand * 50%) + (April actual demand * 40%) + (March actual demand * 20%) = (25* 30%) + (200 * 50%) + (25 * 40%) + (100 * 20%) = 137.50

Therefore, a 4-month weighted moving average forecast for July would be 137.50.

7 0
3 years ago
Which skill or ability is most important for employees in the business and financial operations occupational cluster?
Maksim231197 [3]
Change is constant in the business and financial operations industry. Therefore, an employee must be versatile so he/she can cope with the fast-changing environment. He/She must also know basic computer skill/technical knowledge and must have a keen attention to detail.
7 0
3 years ago
Read 2 more answers
Which type of communication takes place in the absence of words? communication refers to communication that takes place without
Brut [27]
Non-verbal communication - visual cues, body language, eye contact, touch, blinking, glances, etc.
6 0
3 years ago
Finley Company
aleksley [76]

Answer:

d. debit Retained Earnings, $3,000; credit Dividends, $3,000.

Explanation:

The journal entry to close the dividend account should be

Retained earnings Dr $3,000

        To Dividend $3,000

(being the closing of the dividend account is recorded)

here the retained earning is debited as it decreased the stockholder equity and dividend is credited as it is closed

3 0
3 years ago
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