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eimsori [14]
3 years ago
9

In the current year, Brown, a C corporation has gross income (before dividends) of $900,000 and deductions of $1,100,000 (exclud

ing the dividends received deduction). Brown owns 15% of a Fortune 500 corporation and received dividends of $100,000 from that corporation during the current year. What is Brown's net operating loss? a) $100,000 b) $170,000 c) $200,000 d) $130,000
Mathematics
1 answer:
lyudmila [28]3 years ago
8 0

Answer:

$170,000

Step-by-step explanation:

Gross income is $900,000

Add dividends which is $100,000

Total income is $900,000+$100,000=$1,000,000

Deductions is $1,1000,000.

Note that the deductions is less Dividends Received Deduction (DRD)

Additional deductions due to dividends

Add DRD of which will be 70%  of the dividends received hence 0.7*$100,000= $70,000 since he owned 15% of a Fortune 500 corporation

Total deductions is $1,1000,000+$70,000=$1,170,000

Loss=1,1700,000-$1,000,000=$170,000

Total net loss is $170,000

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Answer:

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Use J to represent Jake's miles.

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So we know, J+2J=12 or 3J=12   meaning J=4

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The sum of the angle measures of a triangle is 180°. Find the value of x. Then find the angle measures of the triangle.
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Step-by-step explanation:

The sum of the angles is ...

  x° + (x +8)° + 2x° = 180°

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Show all work to multiply (6+square root -64)(3-square root -16)
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Answer:

50

Step-by-step explanation:

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Information on Imaginary Numbers

√-1 = i

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