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Annette [7]
3 years ago
8

In its first year of existence (year 1), SCC corporation (a C corporation) reported a loss for tax purposes of $30,000. How much

tax will SCC pay in year 2 if it reports taxable income from operations of $20,000 before considering loss carryovers under the following assumptions? (New Corporate income tax rate has been mentioned as "21% on all taxable income" as per the recent change. Leave no answer blank. Enter zero if applicable.)b. Year 1 is 2018.
Business
1 answer:
devlian [24]3 years ago
6 0

Answer:

SCC won't pay any tax

Explanation:

Their loss of $30,000 in year 1 will be unused and made available to counterbalance the total generated earnings in year 2.

The $20,000 earnings in year 2 can be used to counterbalance the whole taxable income; so, SCC will not pay pay tax. SCC will have a ($10,000) loss carryover available for year 3 and beyond

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What is the optimal method for procuring inputs that have well-defined and measurable quality specifications and require highly
BaLLatris [955]
<span>Optimal procurement: input well-defined and measurable quality ... A type of exchange that occurs when the parties to a transcation have made specialized investments. .... make spot exchange an unattractivemethod of procurement due to ...</span><span>
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6 0
3 years ago
___________ is about two-thirds of the demand side of gdp, but it moves relatively little over time.
sertanlavr [38]

<u>"Consumption" </u> is about two-thirds of the demand side of gdp, but it moves relatively little over time.


Consumption expenditure by family units is the biggest segment of GDP, representing around two-thirds of the GDP in any year. This reveals to us that shoppers' spending choices are a noteworthy driver of the economy. Notwithstanding, consumer spending is a delicate elephant: when seen after some time, it doesn't bounce around excessively.

7 0
3 years ago
How will a decrease in the federal government's budget deficit affect the equilibrium interest rate in the bond market?
sasho [114]

Answer:

Interest rate decrease

Explanation:

When the federal budget deficit increases, the Government Issue more treasury bonds to raise funds which increase the equilibrium interest rate in the bond market. Similarly, if the budget deficit decreases, the government stops issuing more bonds which decrease the equilibrium interest rate. It’s a simple concept of demand and supply which determines the interest rate.

6 0
3 years ago
Suppose a small nation produces 2,000 bikes each year, each bike costs $75. The money supply for the nation is 3,000 one-dollar
erastovalidia [21]

The right answer is 45 times.

What is the Velocity of Money ?

  • The haste of plutocrats is a dimension of the rate at which plutocrats are changed in a frugality.
  • It's the number of times that a plutocrat moves from one reality to another.
  • It also refers to how much a unit of currency is used in a given period of time.

Number of times each dollar bill is used is the velocity of money denoted by V

Quantity theory of money states MV=PY

where M is money supply, P is price, Y is output and V as stated above velocity of money

We need to find V which is equal to PY/M

Here, M=S1*5000-$5000

P=$75, Y=3000

V =  (3000*75)5000

V = 2250005000

V  = 45

So, each dollar bill needs to be exchanged 45 times.

Learn more about Velocity of money here:

brainly.com/question/15125176

#SPJ4

4 0
1 year ago
Assume that Sallisaw Sideboards, Inc. had a retained earnings balance of $10,000 on April 1, and that the company had the follow
lawyer [7]

Answer:

retained earning balance  = $12,200

correct option is b. $12,200

Explanation:

given data

retained earnings balance = $10,000

common stock = $5,000

Provided services on account =  $3,000

Provided services in exchange for cash = $900  

Purchased equipment and paid cash=  $4,300

Paid rent = $800

Paid workers salaries =  $900

solution

we know sale is here

Sales  = 3000 + 900 = 3900

Expenses = 800 + 900 = 1700

So that  sales less expenses is profit of 3900 - 1700 = $2200

so retained earning balance =  $10,000 + $2200

retained earning balance  = $12,200

correct option is b. $12,200

4 0
3 years ago
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