Buckette co. owned 60% of
shuvelle corp. and 40% of tayle corp., and shuvelle owned 35% of tayle.
<span>This pattern of ownership is called
a connecting Affiliation. This a type of mutual owner ship, like many people
have their family business and have shares in the business. If a company of
someone, who has his son and grandson and they are also have shares in that
company or owned by percentage, this is mutual ownership and the pattern is
connecting affiliation.</span>
Answer:
$93
Explanation:
Social security tax is a constant figure of 6.2% for each paycheck.
Tate's annual pay is $36,000. If she is paid twice per month, it means she has 24 paychecks. ( 12 months x 2 payments).
For each payment, she receives, $36,000 divide by 24 paychecks
=$36,000 /24
=$1500
Amount withheld for each paycheck is
=6.2% of $1500
=6.2/100 x 1500
=0.062 X 1500
=$93
<span>When the minor children reach a certain age, the living trust is always discontinued: FALSE
A living trust is established while the owner of the property or money put in trust is still alive.TRUE
The estate is managed, invested, and controlled by the trust agency or person.TRUE
The profit is paid to the owner during his lifetime, and to whomever he names upon his death.
TRUE</span>
D - Accounting manager : they supervise, monitor and evaluate all day-to-day accounting activities.
Hope that helped :)
Answer:
total taxable income = $73,000
tax liability = $7,505
Explanation:
Clarice's ordinary income $30,000
Clarice's capital gains:
- selling of stock = $34,000 - $16,000 = $18,000
- selling of coin collection = $55,000 - $30,000 = $25,000
- total long term capital gains = $43,000
Clarice's taxable income = $73,000
Clarice's ordinary income tax rate 2011:
ordinary income = $30,000 - standard deduction $5,800 = $24,200
- 10% on taxable income from $0 to $8,500 = $850
- 15% on taxable income over $8,500 to $34,500 = $2,355
ordinary income taxes = $3,205
Clarice's capital gains tax rate 2011 = 10%
capital gains taxes = $43,000 x 10% = $4,300
total tax liability = $7,505
