Answer:
Mio's foreign earned income exclusion s $94,361
Explanation:
The foreign earned income exclusion limit for 2016 is $101,300
So, the foreign earned income exclusion based on days equals to
= Foreign earned income exclusion limit × (2016 days ÷ total number of days in a year)
= $101,300 × (340 days ÷ 365 days)
= $94,361
We assume 365 days in a year as it is not given in the question
Answer:
The magnitude of the discount or risk is directly related to the size of the investor’s equity ownership in the business.
Explanation:
The following statements should be considered true with respect to the liquidity or marketability risk
a. It can be measurable
b. The discount or risk magnitude should be inversely related
c. It is considered to be important for adjusting the discount rate
d. It can be fall in the current years
So, the remaining statement should be the answer
Answer:
Amount paid in host country will be = Income * Tax rate in host country = $100,000*25% = $25,000
Amount paid in US will be Income * Tax rate in US - Tax paid in host country (Since the tax rate in host country is lower than USA) = $100,000*35% - $25,000 = $35,000 - $25,000 = $10,000
Answer and Explanation:
The calculation is given below:
Fabricating department
The budgeted cost is
= $9,280 ÷ 640 hours × 600 hours + $2,300
= $8,700 + $2,300
= $11,000
Grinding department
= $159,600 ÷ 7,600 hours × 9,500 hours + $56,000
= $199,500 + $56,000
= $255,500
In this way the budgeted cost should be determined