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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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What example best describes the market structure of monopolistic
kenny6666 [7]

Answer:

D

Explanation:

I think it is D a city government owns and operates all Waste Management Services .

3 0
2 years ago
Patterson Corporation began the year with retained earnings of $325,000. During the year, the company issued $500,000 of common
timofeeve [1]

Answer:

$1,615,000

Explanation:

total revenue for the year can be calculated by adding retained earnings (at end of the year) + distributed dividends + total expenses - retained earnings (at the beginning of the year)

total revenue = $350,000 + $90,000 + $1,500,000 - $325,000 = $1,615,000

7 0
3 years ago
IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,0
Viktor [21]

Answer: $7,000

Explanation:

From the question, we are informed that IP Company has a preliminary cash balance of $25,000 and an agreement with the bank that it will keep a minimum balance of $20,000 and that IP Company has a beginning loan balance of $12,000.

The ending loan balance will be:

= $20,000 + $12,000 - $25,000

= $32,000 - $25,000

= $7,000

3 0
3 years ago
Levered, Inc., and Unlevered, Inc., are identical in every way except their capital structures. Each company expects to earn $29
Ugo [173]

Answer:

Levered -  $280,800,000

Unlevered - $398,400,000

Explanation:

The formula to compute the equity value is shown below:

Equity value = Number of outstanding shares × current worth per share

For Levered, the equity value would be

= 2,600,000 shares × $108

= $280,800,000

For Unlevered, the equity value would be

= 4,800,000 shares × $83

= $398,400,000

We simply multiply the number of outstanding shares with the current worth per share so that the equity value can come.

7 0
3 years ago
Which responsibility is an important function of the sales and marketing team?
Colt1911 [192]
I think the most appropriate answer would be C.


I hope it helped you!
5 0
3 years ago
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