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olganol [36]
1 year ago
5

Company k incurs a $22,000 deductible expense. compute the current year tax savings from the deduction assuming that:_________

Business
1 answer:
andriy [413]1 year ago
8 0

Company k incurs a $22,000 deductible cost. compute the modern-day year tax financial savings from the deduction assuming that: as this is a loss, any extra deduction will create extra losses, so no tax financial savings.

Before deduction earnings =65000

after deduction expense of 22000, taxable profits=65000-22000=43000

therefore the marginal tax price is 7%, which means tax financial savings = 22000*7%=1540

A tax is an obligatory charge or economic fee levied through any government on a character or an enterprise to collect revenue for public works presenting nice facilities and infrastructure. The gathered fund is then used to fund extraordinary public expenditure programs.

Taxes are the number one source of sales for most governments. among different matters, this cash is spent to enhance and hold public infrastructure, which includes the roads we tour, and fund public offerings, which include colleges, emergency services, and welfare programs.

Learn more about tax here: brainly.com/question/25783927

#SPJ4

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Answer:

benefit of staying relevant within the market

Explanation:

Based on the information provided within the question it can be said that this perspective that the Company has taken gives them the benefit of staying relevant within the market. This is because by providing gamers with new and great products, they are giving them exactly what they want which will in term increase sales/profits for the company as well as attention from potential customers.

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3 0
3 years ago
What is the prime minister of united state of america​
MrMuchimi

Answer:

Donald Trump

Explanation:

OKi

7 0
3 years ago
Nathan’s Athletic Apparel has 2,000 shares of 5%, $100 par value preferred stock the company issued at the beginning of 2017. Al
Oksi-84 [34.3K]

Answer and Explanation:

The computation is shown below:-

Particulars                                   Cumulative       Non Cumulative

Preferred dividends for 2018       $10,000              $10,000

Preferred dividend in

arrears for 2017                              $10,000               $0

Remaining Dividends to

Common stockholders                    $2,000             $12,000

Total Dividends                               $22,000           $22,000

Dividend payable to Preferred stockholders per year = (Number of shares × Par value) × Given percentage

= (2,000 × $100) × 5%

= $10,000

6 0
3 years ago
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maks197457 [2]

Answer to a:

The number of years for which the deposits will be made is given by:

= Retirement age - current age

= 65 - 23

= 42 years

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Which of the following can increase your credit card’s APR?
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One that could increase your credit cards APR is : C. Paying off the full balance
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