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Oduvanchick [21]
3 years ago
9

Which one of the following statements is CORRECT? A Since companies can deduct dividends paid but not interest paid, our tax sys

tem favors the use of equity financing over debt financing, and this causes companies’ debt ratios to be lower than they would be if interest and dividends were both deductible. B Interest paid to an individual is counted as income for federal tax purposes and taxed at the individual’s regular tax rate, which in 2008 could go up to 35%, but dividends received were taxed at a maximum rate of 15%. C The maximum federal tax rate on corporate income in 2008 was 50%. D The maximum federal tax rate on personal income in 2008 was 50%.
Business
1 answer:
nevsk [136]3 years ago
5 0

Answer: B. Interest paid to an individual is counted as income for federal tax purposes and taxed at the individual’s regular tax rate, which in 2008 could go up to 35%, but dividends received were taxed at a maximum rate of 15%.

Explanation:

Interest received by individuals is considered gross income and as such is eligible for taxation.

The tax rate is dependant on the income of the Individual's income which in 2005 was up to 35% but is now up to 39.6%.

Dividends received however are taxed up to 15%.

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Debt Collection Service enters into a contract to employ Emma as a billing manager for two years. During the first year, Emma is
Pie

Answer:

b. discharges the employer from the contract.

Explanation:

When an employee enters a contract with the employer there is an agreement that the employee will perform their duties effectively (in this case Emma as a billing manager) and the employer is obligated to pay her for services provided.

If Emma is failing to meet his obligations by being absent from work and even when present fails to adequately do her job, the employer is also discharged from his agreed duty on the contract.

Emma's actions discharges the employer from the contract.

4 0
3 years ago
An industry comprised of four firms, each with about 25 percent of the total market for a product is an example of:
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Equal investment, equal value.
3 0
2 years ago
A purchasing consortium:
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Answer:

a. consists of two or more independent organizations that combine their requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers.

Explanation:

A purchasing consortium consists of two or more independent organizations that combine their requirements for materials, services and capital goods to gain better pricing, service and technology from suppliers. It is also known as group purchasing organization or cooperative purchasing and typically comprises of organizations sharing similar purchasing requirements or needs coming together in order to enhance their purchasing or bargaining power (capabilities) in the market.

The main purpose of a purchasing consortium is to provide a leverage for two or more independent organizations by reducing their purchasing costs when acquiring resources or materials required for the smooth operation of their business.

4 0
3 years ago
Jacks Corporation purchases $200,000 bonds plus accrued interest for 2 months of $2,000 from Kennedy Company on March 1. The bon
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Answer:

A. debit to Interest Receivable for $2,000

4 0
3 years ago
A successful manager is most likely to have:________
rewona [7]

Option [D] is the correct answer.

A successful manager is most likely to have a reactive personality. In addition to leading teams and fostering their growth, excellent managers may simultaneously exercise complete control over their company's operations and results.

<h3>Difference between a Manager and a Leader</h3>

A manager is not the same thing as a leader. A leader prioritizes the development and well-being of your team members while a manager may be responsible for work delegation and timekeeping. The best managers are adept at performing both tasks and can effectively leverage each employee's abilities to create a successful company. Deborah Sweeney, vice president and general manager of business acquisitions at Deluxe Corp., asserts that effective managers accomplish this by utilizing their emotional intelligence and soft skills.

To know more about ' Good Managerial Skills' , visit:brainly.com/question/24215941

#SPJ4

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1 year ago
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