Options:
(a) $162,032.
(b) $406,067.
(c) $417,246.
(d) $674,023.
Answer:
Correct Option is B.
<u>$406,067</u>
Explanation:
At an expected earnings rate of 6%, and an inflation rate of 3% during the period, he need to have $406,067 at the beginning of his retirement.
The amount of these benefits that is taxable for 2021 is $1,680.
<h3>Benefits that is taxable for 2021</h3>
The Benefits that is taxable for 2021 is Personal protective equipment of the amount of $140 per months.
Hence:
Taxable benefit=$140×12 months
Taxable benefit=$1,680
Therefore the amount of these benefits that is taxable for 2021 is $1,680.
Learn more about Benefits that is taxable for 2021 here:brainly.com/question/26652580
#SPJ1
Answer:
$1,620,000
Explanation:
Assume that Sharp operates in an industry for which NOL carryback is allowed.
In its first three years of operations Sharp reported the following operating income (loss) amounts: 2019 $ 1,350,000 2020 (3,150,000 ) 2021 5,400,000
There were no deferred income taxes in any year. In 2020, Sharp elected to carry back its operating loss.
The enacted income tax rate was 25% in 2019 and 30% thereafter.
In its 2021 balance sheet, what amount should Sharp report as current income tax payable is the applicable tax rate for 2021 applied on the income of the year: 30% x 5,400,000 = $1,620,000
Answer:
The answer is: the products from Treetopplers are EXCLUDED from the GDP
Explanation:
The wood Treetopplers sold to Buildit and Partners are considered intermediate goods (goods that are used to produce other final goods) because they are materials used to build houses. They are not included in the GDP.
Only final goods and services are included in the GDP.