Answer:
$262.40
Explanation:
Net pay is gross pay minus all deductions. To get the net pay, we add up all deductions and subtract them from gross pay
net pay = $380-( $35.90+$52.70 + $23.50 + $5.50 )
=$380- $117.60
=$262.40
Answer: D produces more good and services
Explanation:
Edg 2021
Answer:
Therefore, Increases in the tax rate decrease the government purchases multiplier
Explanation:
Given that
MPC = 0.8
Tax rate t = 0.25
tax rate is increases by 35%
Government purchases multiplier
= 1 ÷ 1 - MPC × (1 - t). Here
So, GPM = 1 ÷ 1 - 0.8 × (1 - 0.25) = 2.5
Government purchases multiplier
= 1 ÷ 1 - MPC × (1 - t)
MPC = 0.8
tax rate t = 0.35
GPM = 1 ÷ 1 - 0.8 × (1 - 0.35)
= 2.08333
= 2.083
Therefore, Increases in the tax rate decrease the government purchases multiplier.
Answer:
D. No loss recognized and a reduction in E&P of $200,000
Explanation:
Given that:
- Current and accumulated E&P : $500,000
- A distribution of land to its sole shareholder: $200,000
- E&P basis to Catamount : $250,000
From that, we can see that the current and accumulated E&P is greater than its distribution of land so no loss would be reported so there will be reduction in earning and profits of the company of $200,000.
Hope it will find you well.
Answer:
Required A
:
Mr P's Initial Cost = 20,000
Increased by Debt share= 12,000
Decreased by Loss= (28,000)
Net Balance on adjusted basis as on 2018 = 4,000
Required B
:
Amount realized on sale = 2,000 + 12,000
= 14,000
Adjusted Basis = (4,000)
Net Gain = 10,000
Required C
:
If PPY is a Corporation then its share of loss would be limited to how much she had invested at the time of purchasing that Interest and would not include Entity's share of Debts.
Hence her Loss Deduction would be Limited to $ 20,000 and her adjusted basis on January 1, 2019 would be 0 and her net gain would be $2,000 (i.e. sale of her Interest)
Therefore,
Deduction = $20,000
Gain recognized = $2,000
