Answer:
$7,500
Explanation:
Taxable income:
= Income from operations + Dividends received - Expenses from operations
= $200,000 + $15,000 - 140,000
= $75,000
Deductions is allowed only to the maximum extent of 10% of the taxable income of the corporation.
Therefore,
Kingbird's charitable contribution deduction:
= 10% of Taxable income
= 0.1 × $75,000
= $7,500
Answer:
Im not entirely sure, but i think
2. Should be D
3. Should be A
(i could be wrong but im about 90 percent sure those r right)
Explanation:
<span>Henry must make set premium payments on his insurance policy until he dies, and if he cancels the policy he will receive the cash value. His plan is a whole life policy.</span>
Answer:
it enables people to use money wisely
Explanation:
this is because a specific amount of money will be provided for a specific reason
Answer:
U.S. households or firms wishing to purchase foreign goods or assets.
