Answer:
a. $2,600,000
b. $2,500,000
Explanation:
The computation is shown below:
a. The additional revenue raised by State A is
= Revenue after applying the tax rate - initial revenue after applying the tax rate
where,
Initial revenue after applying the tax rate = $800 million × 5% = $40 million
And, the Revenue increased after applying the tax rate is
= $710 million × 6%
= $42.6 million
So, the additional revenue is
= $42.6 million - $40 million
= $2,600,000
b. The additional revenue raised by State Z is
= Sales tax rate × service volume
= 5% × $50 million
= $2,500,000
Usually it costs money to publish an ebook, but not to make one; unless you use a program that offers different upgrades to make the ebook better or to access certain things.
Answer: Year-end function planning with my tips
Involve management in the arrangements.
Set the date.
Decide on a theme.
Get a venue.
Decide on food and be mindful of allergies, cultures, and eating habits.
Make personal and exciting online invitations.
Arrange for group shuttle services for safe transportation.
Always keep the budget in mind.
Explanation:
Done this before.
Answer:
Protected assets:.
Pass-through taxation:
Tax-favorable characterization of income:
Straightforward transfer of ownership:
Cash method of accounting
Heightened Credibility:
Explanation:
The advantage S-Corporation have over all other forms of businesses is as follows:
Protected assets:. An S corporation protects the personal assets of its shareholders.
<em>Pass-through taxation</em>:An S corporation does not pay federal taxes at the corporate level. It is of benefit to businesses starting from inception
<em>Tax-favorable characterization of income</em>:S corporation shareholders can be employees and be paid as employees. They can also receive dividends from the corporation and distributions that are tax-free to the magnitude of their investment in the corporation
<em>Seemless transfer of ownership</em>: Ownership can be freely transferred to people legally
<em>Cash method of accounting</em>: They don't have to use the accrual method of accounting while other Corporations use that(except for small businesses)
<em>Heightened Credibility</em>: It helps to establish a strong credibility with business partners, employees, vendors
