Answer:
amount will penalties for late filing and late payment is $5,000
Explanation:
given data
tax liability = $50,000
taxes withheld = $45,000
solution
As late filing and late payment penalty is base on amount of net tax due
so late filing and late payment penalty will be
late filing and late payment penalty = tax liability - taxes withheld
late filing and late payment penalty = $50,000 - $45,000
late filing and late payment penalty = $5000 owed
and
negligence penalty 20% with understatement tax is disregard as any careless and reckless or intentional is not unintentional disregard of tax rules and regulation
so correct answer is $5,000
Answer:
$35,000
Explanation:
We know that
Total assets = Total liabilities + stockholder equity
And, The common stock shares are issued for $25,000 and plus equipment is also purchased via borrowing from the bank for $10,000
So, the total assets by applying the accounting equation is
= Issuance of the common stock + Bank borrowed amount
= $25,000 + $10,000
= $35,000
Answer:
Deep ocean currents
Explanation:
Deep ocean currents do not affect global climate patterns. Deep ocean currents are driven by thickness and temperature inclinations. Since the development of profound water in sea bowls is mainly caused by thickness driven powers and gravity, Deep Ocean currents into deep sea plates at high scopes where the temperatures are sufficiently cold to make the thickness increment.
When Ellen sues Uncle Moneybags for the $10,000, the type of equitable remedy would be restitution.
<h3>What is restitution?</h3>
It should be noted that restitution simply means the restoration of a particular thing that's lost or stolen.
In this case, when Ellen sues Uncle Moneybags for the $10,000, the type of equitable remedy would be restitution.
Learn more about restitution on:
brainly.com/question/10444717
Answer:
65%
Explanation:
Calculation to determine its predetermined overhead rate for the next period should be:
Using this formula
OH rate = Estimated overhead next period/direct labor
Let plug in the formula
OH rate = $65,000/$100,000
OH rate = 65%
Therefore If CWN bases applied overhead on direct labor cost, its predetermined overhead rate for the next period should be: 65%
