Answer:
A.Equal Protection Laws
Explanation:
a.Equal Protection Laws
this principle guarantees equal rights and privileges to all citizens and entities under US constitution.
Whereas option c and d are concerned with criminal court proceedings and option B is of freedom of religion principle
Answer:
An correct statement was prepared for a comprehensive income which is given below.
Explanation:
Solution
Given that:
Cheyenne Corporation
Correct Statement of Comprehensive/General Income
Income before income taxes $371,000
The less Tax ($371,000 * 35%) $129,850
The Net Income $241,150
Other Comprehensive income
Unrealized profit on present for
sales securities, net of tax $57,655
The comprehensive income
($241,150 +$57,655) $298,805
Note:
The Unrealized profit on present for sales securities, net of tax is given as
=($88,700 * (100% -35%))
=$88,700 * 65%
=$57,655
Answer:
The answer is: B) $3,000 deduction
Explanation:
Tom can make only a $3,000 deduction this year since this loss qualifies as a capital loss. He doesn't have any capital gains to offset this loss. Therefore this year he is limited to make a $3,000 deduction against ordinary income and the remainder must be carried over to subsequent years.
<span>Given:
check written year 1 year 2 year 3
yes 225 175 125
no 275 325 375
</span><span>The expected number of shoppers who pay by check in year 1 if there is no difference in the proportion of shoppers who pay by check among the three years is 175.
Each year has 500 customers, and its proportion of customers paying in check gradually decreased from 45% to 25%. If there is no difference in proportion, I am assuming that the data is averaged. Thus, (225+175+125) / 3 = 525 / 3 = 175.</span>
Answer:
$1,269.46
Explanation:
Earnings Before Interest and Tax (EBIT) refers to the net income which is a difference between the revenue of an organisation and the expenses that were incurred in order to generate that revenue. The calculation of the EBIT is usually for a particular year and it is usually found in the Income Statement part of an organisation's financial statement.
To calculate the EBIT therefore, the Tax as well as interest must be added back to the Net Income after tax (usually added to retained earnings)
Therefore, Net Income = Dividends paid + Net Income (added to retained earnings)
= $75 + $418 = $493 - This represents a partial net income
The next step is to calculate the taxable income as follows:
The net income is $493, and the Tax rate is 35%
Taxable Income = $493/ (1-0.35) = $758.46
Earnings before interest and tax therefore =
Interest paid + Taxable Income
= $511 + $758.46 = $1,269.46