When will shareholders of C businesses that retain their post-tax profits be subject to individual income tax on those retained profits. When shareholders sell their shares for a profit, they must pay taxes.
C corporations will pay tax at a corporate rate of 21% as of the 2020 tax year (down from 35 percent in 2017). Then, dividends are taxed at the owner's personal marginal tax rate, which is up to 37%. (depending on the tax bracket).
Distributions of money or other assets to shareholders will lower the corporation's earnings and profits (E&P), but they won't affect its taxable income. Taxes are paid by the corporation on its taxable income and by the shareholders on any dividends they receive.
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D. You are willing and able to buy the good at the given price
Both an increase in imports and increase in exports can contribute to economic growth by increasing the Gross Domestic Product. Gross Domestic Product is the monetary value of all the finished goods and services produced within a country's border in a specific period of time, as defined in Investopedia.
Answer:
$133,800
Explanation:
Calculation for The cash received for interest during 2014
Using this formula
2014 Cash received for interest=Interest revenue-2014 Interest receivable+2013 Interest receivable
Let plug in the formula
2014 Cash received for interest=$137,000-$18,200+ $15,000
2014 Cash received for interest=$133,800
Therefore The cash received for interest during 2014 was:$133,800
Answer:
option (a) An elastic demand
Explanation:
This is when taxes are reduced on fast food , the prices will decrease and people will patronize more ,and with this the demand is elastic, people would consume more which increases the revenue.