1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
balu736 [363]
1 year ago
15

Harmony reports a regular tax liability of $15,800 and tentative minimum tax of $17,880. Given just this information, what is he

r alternative minimum tax liability for the year
Business
1 answer:
Ksenya-84 [330]1 year ago
5 0

$2,000 is her alternative minimum tax liability for the year. Because Harmony's tentative minimum tax exceeds her regular tax, the $2,000 difference is her alternative minimum tax liability for the year.

<h3>What is Tax Liability?</h3>
  • The amount that a person, company, or other entity owes to a federal, state, or local tax authority is known as their tax liability.
  • The selling of an investment or other item that generates income generally results in the creation of a tax burden. When purchasing items, one may be required to pay a municipal or state sales tax. (Although several nations do, the United States does not impose a national sales tax.)
  • If a person's overall tax debt was nil or if their income was too low to necessitate filing tax returns, they might not have any income tax burden.

To learn more about Tax Liability with the given link

brainly.com/question/15394738

#SPJ4

You might be interested in
The Ryan family had a fire that destroyed their home. Various departments of a restoration company, from the initial cleanup cre
Dahasolnce [82]

Answer:

The correct answer would be, System.

Explanation:

The restoration of the Ryan Home is an example of a System.

A System is a set of interrelated activities, set of tasks working together, as a part of the whole mechanism. Small tasks, departments, works, jobs, duties, make a system.

In this question, The restoration company is acting as a system, as they are providing assistance with the Ryan Family from the initial clean up to the moving back in with the family after the whole fire stuff. All of the restoration company's interrelated parts working together to accomplish a goal, which is an example of a System.

5 0
3 years ago
If Chester Corp. were to buy all of it's shares outstanding at its current price, how much would it cost Chester Corp, excluding
Anvisha [2.4K]

Answer:

$82, 727, 931

Explanation:

At a present stock price of $24.40 , the cost of buying all outstanding 3,390, 489 shares is calculated by multiplying the present stock price by the total outstanding shares 24.40 * 3, 390, 489 = 82, 727, 931

6 0
2 years ago
How should public funds be allocated
Savatey [412]

Answer:

iiwjebendj

Explanation:

8sidnfbbfndjdijsnennejrjfjrjej

6 0
2 years ago
Minimizing Inventory. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device
jarptica [38.1K]

Answer:

Expl one year. To reorder, there is a fixed cost of $36, plus $11 for each storage device.anaMinimizing Inventory. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device for one year. To reorder, there is a fixed cost of $36,tion:

4 0
2 years ago
Barry owns a 50 percent interest in B&amp;B Interests, a partnership. His brother, Benny, owns a 35 percent interest in that sam
omeli [17]

Answer:

$10,000 loss

Explanation:

Barry bought a property for $60,000. He sells it for $100,000 to a company he owns 50% of. 50% of $100,000 = $50,000. He bought it for $60,000 and sold it for $50,000... that's a $10,000 loss. But they did say they are keeping the property for resale so there still may be hope :D

5 0
3 years ago
Other questions:
  • A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for
    10·1 answer
  • For each of the following pairs, predict whether the cross-price elasticity of demand will be positive or negative:
    13·1 answer
  • What does it mean when a part of the population is​ under-represented?
    14·1 answer
  • Which of the following policies is most likely to encourage innovation, higher quality goods, and lower prices?
    15·1 answer
  • At the end of Year 2, retained earnings for the Baker Company was $3,050. Revenue earned by the company in Year 2 was $3,300, ex
    11·1 answer
  • Walkane Juices is planning to launch a line of flavored beverages. It encourages consumers to take a $1,000,000 Taste Challenge.
    15·1 answer
  • Suppose that the expected value of weekly profits for an ice cream​ shop, before paying the​ manager, Amy, is ​E(pi​)equals500pl
    15·1 answer
  • Payroll records show employee earnings and any deductions from those earnings.<br> True<br> False
    13·1 answer
  • Sources of economic growth would include an increase in:
    8·1 answer
  • Why have many developing countries failed to benefit from the spread of free trade around the world?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!