What is the maximum amount that OSHA can impose as as penalty on an employer for each willful violation

Willow Corp. (a C corporation) reported taxable income before the net operating loss deduction (NOL) in the amount of $100,000 i

egoroff_w [7]

Willow Corp NOL carryover to 2021 (year 4) is $10,000

<h3>How to calculate Willow Corp NOL carryover to year 4</h3>

Year 3 income = $100,000

Carry forward losses:

Year 1 = $50,000
Year 2 = $40,000

Total carry forward losses = $50,000 + $40,000

= $90,000

Eligible carry forward loss = $100,000 × 80%

= $100,000 × 0.8

= $80,000

Willow Corp tax liability in year 3 = $100,000 - $80,000 × 21%

= $20,000 × 21%

= 20,000 × 0.21

= $4,200

Willow Corp NOL carryover to year 4 = Total carry forward losses - Eligible carry forward loss

= $90,000 - $80,000

= $10,000

Learn more about tax:

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3 0

2 years ago

Blue Corporation has a deficit in accumulated E & P of $300,000 and has current E & P of $225,000. On July 1, Blue distr

Rufina [12.5K]

Answer:

Sam's dividend income is $225,000 and has a reduction of stock basis of $27,500

Explanation:

From the example ,

Given that,

Sam stock is =$52.500

Blue corporation has deficit in accumulated E and P which is =$300,000

Blue corporation has current E and P of = $225,000

Blue distributes $250,000 to its shareholder on July 1st

Therefore,

Blue corporation has a current E & P of $225,000, to an extent, Sam has a taxable dividend. The remaining $25,000 reduces his basis stock.

Sam has an income dividend of $225,000 and reduces his stock basis to $27,500.

6 0

3 years ago

Read 2 more answers

Other than getting laborers to work their land, how did the sharecrop system benefit landowners? a. Government subsidies provide

LekaFEV [45]

The answer is D. It reduced their risk when cotton prices were low.

8 0

2 years ago

Manuel Hoped to graduate from college by age 22 but finds himself enrolling for the first time at age 52. The anxiety Manuel fee

HACTEHA [7]

Answer:

Social clock

Explanation:

The social clock refers to expectations set by society on preferred timings of accomplishing life milestones such as finishing school, getting married, having children etc. For example, because many students graduate from college by the age of 22, Manuel will feel pressured because he will complete college past the average completion age in society. This situation illustrates the social clock.

5 0

3 years ago

What are the risks and benefits of implementing a penetration pricing policy as compared to a competitive pricing policy?

eimsori [14]

Answer:

The risks of a penetration pricing policy is that you may lose money and never see a return on it. A benefit of the penetration pricing policy is that most the time you will pull people in with the low prices and most the time you will make back the money you invested.

Explanation:

Hopefully that helps!

7 0

2 years ago