Answer:
False
Explanation:
Retained earnings have no flotation costs, but have opportunity costs. For example, if companies distribute the earnings to shareholders, shareholders can invest the funds in alternative sources for returns.
No, a deductive strategy involves giving a general principle or rule and showing how that will apply to the current situation.
Gross income is different from Taxable Income. There are deductions that must be deducted from gross income to arrive at the taxable income.
<h3>
Federal income tax this year</h3>
Correct option is C.
Georgia pay in federal income tax this year "$5,696. 00"
In order to find federal income tax, calculate adjusted gross income.
Then from adjusted gross income, subtract exemptions and deductions to get your taxable income.
Only 11 % of the people who belong to the age group 25-55 years do not pay federal income tax while more than 80% who belong to the age group of 75 years or older also do not pay tax.
Georgia's gross pay 35,600 this year.
Rate of federal income tax = 16%
Hence, amount paid by Georgia = 16/100×35,600 =$5696
Learn more about Gross income, refer to the link:
brainly.com/question/547727
Answer:
A) $0
Explanation:
If the award was unsolicited and given to Joan in recognition for her accomplishments in scientific, educational, literary, religious, artistic, or civic fields, then the award is not taxed.
The unsolicited part is the key here, since most awards are given to candidates that have been previously been nominated by someone, e.g. Nobel prizes are only given to nominated candidates and the winners must pay income taxes.
