1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Brut [27]
3 years ago
8

How do you find tax liability?

Business
1 answer:
antoniya [11.8K]3 years ago
8 0

Answer:

Find answer in the explanation below

Explanation:

Tax liability can be defined as the total amount of taxes an individual, corporation, company, etc owes a tax authority or service at a given period of time.

The Internal Revenue Service is responsible for the taxation and collection of taxes from individuals to multinationals.

tax liability can also simply be said to be the amount in taxes that is owed the government individuals downs to multinationals.

Tax liability can be found or derived from taxable incomes. This is started by deducting taxable income - tax deductions = gross tax liability

gross tax liabilty - tax credits = tax liability.

Cheers.

You might be interested in
Which of the following is prepared first? A. Balance sheet B. Income statement C. Statement of owner’s equity D. Trial balance
Gre4nikov [31]
The income statement is prepared first. The income statement i<span>s a financial statement that reports the company's financial performance (profit and loss) over a specific accounting period. It describes how the business incurs its revenues and expenses, and it is also referred as </span>profit and loss statement (P&L). With help of this report management knows if the business made money during the period reported.
7 0
4 years ago
Harriet and Harry Combs (both 37 years old) are married and both want to contribute to a Roth IRA. In 2019, their AGI before any
tamaranim1 [39]

Answer:

Please see attachment

Explanation:

Please see attachment

8 0
3 years ago
A company currently pays a dividend of $3.4 per share (D0 = $3.4). It is estimated that the company's dividend will grow at a ra
ArbitrLikvidat [17]

Answer:

Current price of stock =$128.06

Explanation:

The Dividend Valuation Model is a technique used to value the worth of an asset. According to this model, the worth of an asset is the sum of the present values of its future cash flows discounted at the required rate of return.

The model is given as

P = D× g/(r-g)

P- price, D- dividend payable in year 1, r -cost of equity, g - growth rate in dividend

Cost of equity

The cost of equity can be calculated using the Capital Asset Model (CAPM).

Ke= Rf +β(Rm-Rf)  

Ke =? , Rf- 6.5%, (Rm-Rf)- 1.5, β- 1.3

Ke=6.5% + 1.3× (1.5)= 8.45%

Stock price

PV of dividend in year 1 = 3.4× 1.17× 1.0845^(-1)=3.668

PV of dividend in year 2 =  3.4× 1.17^2× 1.0845^(-2) = 3.9572

<em>PV of dividend in year 3</em>

This will be done in two(2) steps:

Step 1- PV in year 2 terms

3.4× 1.17^2× 1.05/(0.0845- 0.05)= 141.651

Step 2- PV in year 0

141.6513913× 1.0845^(-2)= 120.4375

Current piece of stock =  3.668  + 3.957  + 120.4375 = 128.062

Current price of stock =$128.062

   

5 0
3 years ago
You give disappointments little thought after they happen.
bogdanovich [222]
Doesn’t everyone do something similar to that respect? Typically when they’re uninterested yet forced?
5 0
3 years ago
Lease Plan Effectively Manages Diversity
mylen [45]

Answer:

Lease Plan

1) The trend in gender diversity that appears to be most supported by the outcomes of Lease Plan's program changes is:

Increases in seats on boards of directors—in Fortune 550 firms up to 16.6 percent in 2013 from only 9.6 percent in 1995.

2. Thomas's generic action options for managing diversity that is most illustrated in the case is:

include/exclude

3. Based on the information in the case, the barriers and challenges to managing diversity that were identified in the text that appear to have been present at Lease Plan were:

a. an unsupportive or hostile work environment

b. inaccurate stereotypes

Explanation:

Thomas's include and exclude generic action option emphasizes that more diverse employees should be employed in addition to minority-owned companies being used as vendors.  This option makes it possible for embracing and practicing workplace diversity.  It creates an open-minded and supportive workplace, encouraging the sharing of information and the integration of behavior to accept and value human differences, thereby overcoming stereotypes.

6 0
3 years ago
Other questions:
  • The retained earnings statement shows all of the following except the amount of dividends paid during the period. the changes in
    14·1 answer
  • How is the current progressive tax system unfair?
    10·1 answer
  • Companies benefit today from interfirm cooperation. One of the ways they cooperate is through networking. Another way is by seek
    8·2 answers
  • The Law of Demand is a rule stating that more will be demanded at lower prices and less at higher prices; inverse relationship b
    6·2 answers
  • Kelly Enterprises' stock currently sells for $35.25 per share. The dividend is projected to increase at a constant rate of 4.75%
    5·1 answer
  • The funds dispensed at the ATM machine located near the checkout line at the Kroger's in Union Kentucky, follows a normal probab
    8·1 answer
  • Nu Company reported the following pretax data for its first year of operations. Net sales 2,870 Cost of goods available for sale
    13·1 answer
  • Consider the following production process for manufacturing biscuits. The first step of the process is mixing where all of the i
    8·1 answer
  • Darrell and Jim are planning to run in their office-sponsored marathon and plan on joining a gym to train.Darrell finds that gym
    12·1 answer
  • N
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!