Answer:
Otter Enterprises will be taxed differently depending on what type of business it is. If it is a partnership, LLP, LLC or S corporation, then it is a pass through business, which means it is not taxed directly, instead its owners are taxed directly. If it is a C corporation, then it has to pay corporate taxes and the owners pay income taxes.
- Partnership, LLP and LLC: net operating profit = $320,000 - $210,000 = $110,000 + long term capital gains $15,000. Ellie and Linda must each pay income taxes for $55,000 and capital gains taxes for $7,500.
- S corporation: The S corporation will pay employer taxes on the $50,000 distributed to Ellie and Linda (owner-employee relationship), and then Ellie and Linda must pay income taxes for the remaining net income and capital gains taxes for the capital gains (similar to a partnership).
- C corporation: must pay corporate taxes on its net profits + capital gains, and then Ellie and Linda must pay income taxes for any dividends received. The retained earnings account (what is left after taxes and dividends) is not taxed until dividends are distributed.
Answer:
The correct answer is: counterfeiting.
Explanation:
Falsification is an act consisting in the creation or modification of certain documents, effects, products (goods or services), in order to make them appear as true or to alter or simulate the truth.
Counterfeiting is considered a crime of “white gloves”, since it lacks violence and generally involves commercial transactions. Counterfeits can be made, among others, with respect to public or private documents, coins, bills or other securities, art and products trademarks
.
In the first cases, it is a crime that affects the public faith, and may become a form of fraud, while the latter is understood to be a vulnerability of industrial property (being copies without licenses, to be sold as if they were original ).
Answer: cost plus approach
Explanation: In simple words, it refers to a pricing strategy under which the producing firm adds up a predetermined specific margin to the total cost to compute the selling price.
This approach is considered to be less troubling as it is easy to ascertain the selling price and also it makes accounts recording and book keeping more effective and simple.
Usually such method is used for Procrustes that are sold to the final customers in single piece and not in a batch for example - a soap, a chocolate etc. other commodities such as computer parts etc are generally not priced according to this strategy.
Answer:
She can contribute to her employer's matching benefit.
Explanation:
The best way for Matilda to save is to have the amount she intends to save deducted from her basic salary. By doing this, she will not have direct access to the money, so she cannot spend it. If her employer has a savings matching scheme, then Matilda should join it. Her savings account will grow faster due to her employer's contributions.
A low-interest account will discourage her from saving. The 529 schemes are designed to save money to cater to post-secondary education.