200,000,000(1.03)^70= 1,583,564,382
Answer:
The correct answer is (e) None of the choices listed are correct.
Explanation:
Solution
Given that:
1. The Qualified dividend is the dividend taxed at capital gain tax rate and unqualified dividend taxed at individuals normal income tax rate. Therefore qualified dividend and non qualified dividend of $1500 &$500 included in gross taxable income.
2. Earned on US treasurers is exempt at state level but fully taxable at federal level. $1000 received taxable
3. State tax refund; don't report the state tax refund if didn't itemized deductions on federal tax return. Consider $1000 received as state tax refund required to be reported because of itemized deductions.
4. Section 125 of IRC specifies that cafeteria plans are exempt from calculation of gross income for federal taxation. Therefore $5000 cafeteria plan provided by employer is exempt.
5. During the year any state or local taxes paid and property taxes paid are deductible. Therefore $9000 and $3000 deductible subject to maximum $10000 of income tax and mortgage interest is $14000.
Now,
The Income is
The Salary= $200000
Add
The Qualified dividend= $1500
Non-qualified dividend =$500
Income from US treasurer $1000
State tax refund =$1000
Gross income$204000
The Less deductions.
Mortgage interest 14000
Income ans property tax is$10000
Tax able income= $ 180000
Therefore the taxable income is =$180000
<span>a cycle or series of cycles of economic expansion and contraction.</span>
Answer:
Unit product cost= $204
Explanation:
Giving the following information:
Number of units produced 10,700
Variable costs per unit:
Direct materials $108
Direct labor $51
Variable manufacturing overhead $7
Fixed manufacturing overhead $417,300
Under the absorption costing method, the unit product cost is calculated using the direct material, direct labor, and total unitary overhead.
First, we need to calculate the unitary fixed manufacturing overhead
unitary fixed manufacturing overhead = 417,300/10,700= $39 per unit
Unit product cost= 108 + 51 + 7 + 39= $204
Answer:
Option C
Explanation:
C. There is a high degree of social consensus
