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Zina [86]
3 years ago
8

Fast Rocket, Inc. generated a net loss of $5,000 in its first year (2018) and taxable income of $15,000 in its second (2019). As

suming a tax rate of 21%, what is Fast Rocket's total tax for both years
Business
1 answer:
o-na [289]3 years ago
5 0

Answer:

$2100

Explanation:

Net loss = $5000

Taxable income = $15000

Tax rate = 21%

Fast Rocket's total tax for both years is determined by

Taxable income minus net loss multiplied by tax rate

= $(15000-5000) × 21%

= $10000 × 0.21

= $2,100

Fast Rocket's total tax for both years = $2100

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If an employer chooses a per diem method of substantiation for travel expenses,
Ahat [919]

If an employer chooses a per diem method of substantiation for travel expenses, the meals and incidental expenses method requires actual cost records to substantiate lodging expenses.

Option E

<u>Explanation: </u>

The price of the meal and the additional expenses while travelling away from home for work purposes is deducted from an employee or self-employed person. The expense deduction generally requires the costs to be substantiated.

There has been, however, an optional form that prohibits receipts for these taxpayers.

The IRS releases Diem levels for different parts of the United States (see Notification 2015-63 on the subject of irs.gov). For just the intent of measuring a meal and an accessory deduction, taxpayers may use such per diem rates and will be required to prove it.

If an employer wants a method of proof of travel expenses by Diem, the meal and by-product procedure requires real cost records in order to prove accommodation expenses.

7 0
3 years ago
Between 1953 and 2015, rising labor productivity contributed more to U.S. economic growth than did increases in inputs.
kondor19780726 [428]

Answer: True

Explanation:

Labor productivity has to do with the amount of products and services which are produce at a particular time by the workers.

It should be noted that between 1953 and 2015, rising labor productivity contributed more to U.S. economic growth than did increases in inputs. This brought about increase in the available goods and services in the country.

3 0
2 years ago
A "foreign bond" issue is
cupoosta [38]

Answer:

d. both b and c

A foreign bond is when a foreign entity issues a bond in a local market and in local currency so for example if a Italian company issued a bond to borrow money from American markets, and the bond was issued in USA and it's currency was dollars then it would be classified as a foreign bond so in this case both B and C are correct because a German MNC issuing dollar denominated bonds is an example of a foreign entity issuing a bond in a local market denominated in local currency, and a bond issues by a foreign borrower to investors in national market and denominated in that nation's currency is also an example of a foreign bond

Explanation:

7 0
2 years ago
Antiques R Us is a mature manufacturing firm. The company just paid a dividend of $11.40, but management expects to reduce the p
drek231 [11]

Answer:

The correct answer is $57.

Explanation:

According to the scenario, the computation of the given data are as follows:

Dividend = $11.40

Growth rate = -0.05

Required rate of return = 0.14

So, we can calculate the price by using following formula:

Price = Dividend × ( 1 + Growth rate) ÷ ( return rate - growth rate)

By putting the value, we get

= $11.4 × ( 1 - 0.05) ÷ ( 0.14 + 0.05)

= $57

3 0
3 years ago
Lobbying, or building and maintaining relations with legislators and government officials to influence legislation and regulatio
Elanso [62]
The statement that is being described is a part of public relations. It is because the public relations' function is to be able to maintain their image with of the company, organization or to the public. They maintain this relationship in order to display a positive image and to be able to be known to the public and to have a strong support or bond that they want to have or accomplish.
6 0
3 years ago
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