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1 year ago

If c corporations retain their after-tax earnings, when will their individual shareholders be taxed on the retained earnings?

1 answer:

4 0

When will shareholders of C businesses that retain their post-tax profits be subject to individual income tax on those retained profits. When shareholders sell their shares for a profit, they must pay taxes.

C corporations will pay tax at a corporate rate of 21% as of the 2020 tax year (down from 35 percent in 2017). Then, dividends are taxed at the owner's personal marginal tax rate, which is up to 37%. (depending on the tax bracket).

Distributions of money or other assets to shareholders will lower the corporation's earnings and profits (E&P), but they won't affect its taxable income. Taxes are paid by the corporation on its taxable income and by the shareholders on any dividends they receive.

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Answer:

D. best-case scenario.

Explanation:

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3 years ago

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3 years ago

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Answer: esteem

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3 years ago

Last year, a corporation purchased an office building for $220,000, of which $30,000 was allocated to the land on which the buil

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Answer:

$4872

Explanation:

Given: Purchase price of an office building= $220000.

Out of cost building, $30000 was allocated to the land.

Remember, As per current US Tax code, commercial building can be depreciated over 39-year straight-line for commercial property.

Now, calculating the current year depreciation deduction.

We know, land is not depreciable.

∴ Cost of building= $Purchase\ price\ of\ building - cost\ of\ land$

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3 years ago

3. Who was the first customer of mcdonald's and what was ordered?

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Answer:

The main McDonald's eatery was begun in 1948 by siblings Maurice ("Mac") and Richard McDonald in San Bernardino, California. They purchased machines for their little cheeseburger eatery from sales rep Ray Kroc, who was fascinated by their requirement for eight malt and shake blenders.

Explanation:

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2 years ago