1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
WARRIOR [948]
3 years ago
12

A c corporation earns $9.50 per share before taxes. the corporate tax rate is 39%, the personal tax rate on dividends is 10%, an

d the personal tax rate on non-dividend income is 36%. what is the total amount of taxes paid if the company pays a $4 dividend? g
Business
1 answer:
Viktor [21]3 years ago
5 0

The total amount of taxes that the company will pay will be calculated as under -

Total taxes paid = (Taxes on income) + (Taxes on dividends)

Total taxes paid = ($ 9.50 X 39%) + ($ 4 X 10%)

Total taxes paid = $ 3.705 + $ 0.4 = $ 4.105 or $ 4.11

You might be interested in
Hey people i need 2 more Brainiest to get Virtuoso i really want to get there if you could help me that would be AMAZING.
Elena L [17]

Answer:

I just asked a question i'll give you brainliest if you can answer it correctly.

Explanation:

8 0
2 years ago
Read 2 more answers
Biologists want to know how many fish are in a certain lake. on january 1, they removed 600 fish from the lake and tagged them.
Alenkasestr [34]
Biologists collected a random sample of 850 fish and 25 of them had been previously tagged. 850 : 25 = 34. It means that about 1/34 of all the fishes in the lake had been tagged. Therefore 600 * 34 = 20,400.
Answer: Based on this experiment, in the lake lives 20,400 fishes.
5 0
3 years ago
You need some money today and the only friend you have that has any is your miserly friend. He agrees to loan you the money you
Serggg [28]

Answer:

The correct option is (b)

Explanation:

Given:

Monthly payment for 6 months = $30 per month

Time period = 6 month (6 periods)

Monthly interest rate = 2%

In order to compute borrowed amount, present value of these payments need to be computed which is an annuity as same amount of $30 is paid.

Checking PVIFA table for 2%, 6 periods, annuity factor is 5.6014.

Borrowed amount = Monthly payment × PVIFA(2%,6)

                            = 30 × 5.6014

                            = $168.042

Borrowed amount is $168.042 or $168.22 approximately (difference in value due to annuity factor being rounded off)

                         

6 0
3 years ago
DeLong Corporation was organized on January 1, 2017. It is authorized to issue 14,500 shares of 8%, $100 par value preferred sto
DanielleElmas [232]

Answer:

Jan. 10

Cash $507,00 (debit)

Common Stock $507,00 (credit)

Mar 1

Cash $566,500 (debit)

Preferred Sock $515,000  (credit)

Share Premium : Preferred Stock $51,500 (credit)

April 1

Land $91,000 (debit)

Common Stock $91,000 (credit)

May 1

Cash $420,000 (debit)

Common Stock $420,000 (credit)

Aug 1

Legal Expenses : Attorneys bill $39,500 (debit)

Common Stock $39,500 (credit)

Sept 1

Cash $80,500 (debit)

Common Stock $80,500 (credit)

Nov 1

Cash $222,000 (debit)

Preferred Sock $200,000  (credit)

Share Premium : Preferred Stock $22,000 (credit)

Explanation:

<u>Common Stocks are at no par value:</u>

This means that ,

1.When Common Stocks are Issued, the value is the issue price there is no share premium reserve on it.

2. For consideration paid in Common Stocks, value of stocks would be the same as the cost at initial recognition. For example the Purchase of Land on April 1. Initial recognition is at Asking Price of $91,000. Hence common stocks are issued at $91,000.

<u>Preference Stocks are at $100 par</u>

This means that,

1.Any issue of Preference Stock made in excess of par value is accounted in the Preference Share Premium Reserve.

5 0
2 years ago
The fed currently focuses monetary policy on the
kupik [55]
The fed currently focuses monetary policy on the ; Federal funds rate
7 0
3 years ago
Other questions:
  • Fair use allows individuals to break copyright so long as they ________.
    5·1 answer
  • Halifax Manufacturing allows its customers to return merchandise for any reason up to 90 days after delivery and receive a credi
    9·1 answer
  • Caterpillar is a manufacturer of heavy machinery that is sold around the world. A growing business for this U.S.-based company a
    5·1 answer
  • Jones, a consulting manager of Miller &amp; Co., is considering membership on an audit client's board of directors. Jones does n
    13·1 answer
  • On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $44,000 and
    9·1 answer
  • The company shipped merchandise valued at $100,000 F.O.B. destination on December 28, Year 3, and recorded the sale and relief o
    10·1 answer
  • g Jack and Jill borrow $21,000 at 7.2% amortized over 6 years to drill a well and renovate their kitchen and bathrooms. Assuming
    15·1 answer
  • Is the microbial community in the intestine a key to understanding obesity? To explore this question, scientists conducted anoth
    15·1 answer
  • Monica wants to sell her share of an investment to Barney for $80,000 in 5 years. If money is worth 6% compounded semiannually,
    10·1 answer
  • On March 1st, Mr. Smithe signed up for a fitness program at Fit Co. and paid $960 for the entire program upfront. The program in
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!