1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
grin007 [14]
3 years ago
5

Greenco, a u.s. corporation, earns $25 million of taxable income from u.s. sources and $10 million of taxable income from foreig

n sources. what amount of taxable income does greenco report on its u.s. tax return?
Business
1 answer:
enot [183]3 years ago
8 0

Taxable income is the sum of income used to compute a person's or a business's income tax due. Taxable income comprises salaries, pays, bonuses and tips, on top of investment revenue and unearned revenue. In this case, the corporation have $25 million that came from US Sources then the additional $10 million is also part of the taxable income because it is part of the normal course of the business. Therefore, GreenCo must report $35 million.

You might be interested in
On June 1, 2019, James places in service a new automobile that cost $40,000. The car is used 60% for business and 40% for person
Rina8888 [55]

Answer:

The answer is given below;

Explanation:

As per Section 179 of IRS ,the maximum cost recovery shall be $25,000 for the vehicle if the vehicle is used more than 50% for business and its weight is between 6,000 pounds GVWR and 14,000 pounds GVWR.

We assume that weight of vehicle is between 6,000-14,000 pounds and the vehicle is 60% used in business. Further the vehicle is in service before 31 December 2019.Therefore the cost recovery deduction shall be $25,000 in 2019

6 0
4 years ago
Maria sees a leather coat in a department store and purchases it immediately even though it is expensive. Before purchasing, she
igomit [66]

Answer:

cognitive dissonance

Explanation:

Cognitive dissonance occurs when an individual pursues more than one contradictory value, idea, or belief. This leads to stress as the person is form between multiple choices.

For example a HR manager is responsible for staff welfare and also owes allegiance to the management. If management is carrying out a policy that has adverse effect on staff the HRanager will be torn between conflicting beliefs.

In this case although Maria purchased the coat at higher price she experiences tension because she would have purchased it at lower price somewhere else.

3 0
3 years ago
Last Friday, you purchased a 4-pack Sensodyne Extra Whitening Toothpaste at $29.99, which will last three months for your family
mote1985 [20]

Answer: Speculative inventory

Explanation:

Speculative inventory, is also called the anticipatory inventory, and this occurs when an inventory is purchased so that it can be held for future need. Therefore z buying it early then becomes a necessity.

Therefore, the situation whereby a 4-pack Sensodyne Extra Whitening Toothpaste at $29.99, was bought and will last three months for the family to use is referred to as speculative inventory.

5 0
3 years ago
When an entrepreneur has three employees at a busy and growing software company, what is the primary responsibility of 1
Finger [1]

Answer:

manage the business by finding new customers and investors

Explanation:

Out of the available options, this one would be the best possible answer. But in my opinion it is not the best answer. The entrepreneur is responsible for developing a product or service that can be sold to as many customers as possible. Without the main product or service, the entrepreneur has nothing. After he/she has developed or created his product or service, then the entrepreneur must go out and find customers and investors.

For e.g. Mark Zuckerberg had to develop FB before finding investors or even having any people use it. The same applies to all time genius Steve Jobs who needed to finish the Apple 1 before it could be sold.

After the product or service is ready probably comes the hardest part which is to get enough money to get your project running and get people to use it.

All the other options are important parts of owning a business, e.g. arriving early in the morning (develops a proper work culture) or training employees, but they are not the primary responsibility.

6 0
4 years ago
Read 2 more answers
In the theory of deregulation economics, cutting taxes allows people to save more money. Banks then loan that money to businesse
telo118 [61]
True

this never works in practice though
3 0
4 years ago
Other questions:
  • BMW’s vehicle-assembly facility in South Carolina represents a direct investment inside the United States by the German manufact
    8·1 answer
  • Economists generally favor the use of tradable emissions allowances to reduce pollution. However, the use of these allowances ha
    10·1 answer
  • The government sets a price ceiling for a monopoly that is below the​ profit-maximizing price but above the level at which the​
    14·1 answer
  • describe how adding a risk-free security to modern portfolio theory allows investors to do better than the efficient frontier. A
    6·1 answer
  • When a partner leaves the company, the partnership is dissolved and a new partnership may be formed with the remaining partners.
    15·2 answers
  • "The media doesn't tell us what to think, but it tells us what to think about" describes the _____ function of the media.
    5·1 answer
  • EA11.
    10·1 answer
  • Your company provides diversity training programs to ensure that employees realize the importance of working with a diverse work
    10·1 answer
  • The Internal Revenue Service Department of Tax Regulations writes regulations in accord with laws passed by Congress. On average
    13·1 answer
  • 3. Which is the correct order for making financial decisions? A) put goals in writing, rethink goals if necessary, have a plan o
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!