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trapecia [35]
3 years ago
14

In a criminal tax case, Darth Vader was charged with several counts of tax evasion and filing a false income tax return, stemmin

g from his diversion of funds from Jedi, Inc., a closely held corporation of which he was president, founder, and controlling shareholder. At trial, the U.S. sought to establish that Vader had received taxable income by systematically diverting funds from Jedi to support a lavish lifestyle. Vader gave millions of dollars of Jedi money to his mistress and millions of dollars to his wife, without reporting any of this money on his personal income tax returns. Vader siphoned off money primarily by writing checks to his employees and friends and having them return the cash to him, by diverting payments by Jedi customers, by submitting fraudulent invoices to Jedi and by laundering Jedi money through shell companies in Panama and St. Kitts-Nevis. In his defense, Vader sought to introduce evidence that Jedi had no retained earnings or current earnings or profits in the relevant taxable years. What result under §7201?
Business
1 answer:
Vitek1552 [10]3 years ago
7 0

Answer:

<em>Darth's response is not adequate as he has systemically illegitimately manipulated the Jedi's assets to evade taxes. Therefore all those funds in question will be taken into account when measuring Jedi's taxable income. </em>

It can be inferred after that that that the Jedi has some existing gain / retained earnings or not.

<em>When Darth considers himself guilty, he shall be liable for charges of fine, reward and prosecution under sec.7201.</em>

<em></em>

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A farmer and a meatpacker use the commodity markets to reduce their risk. One agrees to buy live cattle in the future at a fixed
VLD [36.1K]

Answer:

A farmer is the one that owns the cattle and is ready to sell it on the market demand, while the meatpacker is the one who buys the product and sells it in different parts to the end consumers.

Since they both are using the commodity market to reduce the risk, the farmer will be the one who agrees to sell the cattle in the future at a fixed rate, while the meatpacker will be the one who agrees to buy the cattle in the future at a specified price fixed by him.

Hope this helps. ThankYou.

3 0
3 years ago
I think it is False but I don't think so
MrRa [10]

That is false. The worker can have what ever diet they think is best for them

3 0
3 years ago
Read 2 more answers
When a manufacturer forbids an intermediary to carry products of competing manufacturers, the arrangement is known as _____.
sineoko [7]

When a manufacturer forbids an intermediary to carry products of competing manufacturers, the arrangement is known as exclusive dealing.

Exclusive dealing happens while one commercial enterprise buying and sells with some other places situations on the opposite's freedom to pick what it buys or sells, who it does commercial enterprise with, or wherein it trades. Unique dealing is common in business preparations. extraordinary dealing is only illegal while it drastically lessens opposition.

Exclusive dealing is normally described by using the state of affairs wherein the advertising outlet contains best the fabricated from one manufacturer in a particular product type. as an example, while McDonald's sells the handiest Coca-Cola, this is distinctive dealing.

Learn more about manufacturer here: brainly.com/question/25279292

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4 0
1 year ago
Prior to the early twentieth​ century, a worker who was injured on the job could collect damages only by suing his employer. To
soldi70 [24.7K]

Answer:

Wages would fall due to an increase in labor costs.

When the workers compensation laws were not there, the employers only had to worry about one labor cost, that of paying their employees. With the introduction of worker's compensation, they then had to get insurance for their employees as well.

This led to an increase in the costs of labor which meant an increase in production costs and a decrease in profitability. To compensate for this, the employers cut wages in order to be able to pay for both the insurance and wages and still pay the same general amounts they were paying as wages such that their production costs don't rise significantly.

3 0
3 years ago
You invest in a mutual fund that charges a 3% front-end load, 1% total annual fees, and a 0% back-end load on Class A shares. Th
Anettt [7]

Answer:

Total Fees = $600

Explanation:

A Mutual Fund is a type of investment that pools funds from many individual investors into a singular investment product.

The fund is managed by a Fund Manager. The Fund Manager applies charges to the fund. The charges are income to the Fund Manager.

Front-end load: This is more like a Sales charge applied on the investment amount at the point of buying into the Fund.

Back-end load: This charge is applied on the redemption amount. It is meant to discourage the investor from withdrawing early form the Fund.

Annual fees: This are yearly charge applied on the investment amount.

Calculation:

Front-end load: $0 [Because the rate is 0%]

Back-end load:[2% of 20000] \frac{2}{100} × 20000 = $400

Annual Charge: [1% of 20000] \frac{1}{100} × 20000 = $200

Total Fees: [$400 + $200] =  $600.

7 0
3 years ago
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