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Licemer1 [7]
2 years ago
15

The stock of Wheel Corporation, a U.S. company, is publicly traded, with no single shareholder owning more than 5 percent of its

outstanding stock. Wheel owns 90 percent of the outstanding stock of Axle, Inc, also a U.S. company. Axle owns 100% of the outstanding stock of Tire Corporation, a German company. Wheel and Tire each own 50 percent of the outstanding stock of Bumper, Inc., a U.S. company. Wheel and Axle each own 50 percent of the outstanding stock of Trunk Corporation, a U.S. company. Which of these corporations form an affiliated group eligible to file a consolidated tax return?
Business
1 answer:
lakkis [162]2 years ago
3 0

Answer: D)Wheel, Axle, and Trunk are an affiliated group.

Explanation:

Affiliated groups according to tax laws are those where a parent company owns at least 80% of the stock or the voting power in a company or in the case of multiple affiliates, the parent company must own at least 80% of one of the affiliates. This Affiliate should then own at least 80% of at least one of the others and so on.

Wheel owns 90% of Axle stock which would therefore make them affiliates. Axle then owns 100% of Tire which would then make Tire an affiliate to Axle and by extension to Wheel. Bumper is not considered an affiliate as it is only 50% owned by affiliates.

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Answer:

A;36

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So lets recall the different parts of a box and whisker plot.

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After that, the box to the right is the upper quartile.

On the left, the box on the left is the lower quartile.

In between the right and left of the box is the median, which seperates the upper quartile by the lower quartile.

Finally, we have the dot farthest to the left, which is the minimum.

So on our box and whisker chart, lets look at the dot farthest to our left, since thats the minimum.

<u>This should be 36.</u>

Hope this helps! ;)

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<u>           Glacier Travel Service                 </u>

Total revenue                        $900,000

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