<span>True. Citations provide a level of credit to the original author of a source and allow for legal and lawful use of a source. Without citations, the use of other sources to produce a work is considered to be plagiarism, a punishable offense at most Universities and workplaces.</span>
Answer: See explanation
Explanation:
First and foremost, it should be noted that there's a flat tax rate of 21% on the taxable income, therefore the after tax income will be:
= (1 - 21%) × $1 million
= 79% × $1 million
= $790,000
Therefore, the amount of the dividend payment is $790,000 which is given to Leona.
The after tax cash flow from the dividend receipt will be:
= $790,000 - (20% × $790,000)
= $790,000 - (0.2 × $790,000)
= $790,000 - $158,000
= $632,000
Therefore, the total tax by Henly and Leona will then be:
= $210,000 + $158,000
= $368,000.
This is 36.8% (368000/1 million) of the tax rate.
The answer is D. 45 to 55%
Answer:
$45,350
Explanation:
Follow the Company`s collection history to determine the November Cash Collection.
November Cash Collection :
Collected in month of sale - 15% x $45,000 $6,750
Collected for 1st month after sale - 60% x $51,000 $30,600
Collected for 2nd month after sale - 20% x $40,000 $8,000
Total $45,350
Therefore,
The cash Justin can expect to collect in November is $45,350
