Answer:
TarHeel's accounting effective tax rate is 19.95%
Explanation:
The effective tax rate is the hypothetical tax rate adjusted for the tax cost or benefit from permanent difference.
the dividend received deduction reduces the Effective tax rate
= 50,000*21%
= 10,500/1,000,000
= 1.05%.
Effecttive tax rate is 21% - 1.05% = 19.95%
Therefore, TarHeel's accounting effective tax rate is 19.95%
The correct answer is; Offer the customer some literature about the product to take with them.
Further Explanation:
If the customer is already using a product that your bank is offering, you can give them some literature such as pamphlets explaining your banks product. It will depend on your banks policy on giving out information to non-customers.
The information that you give the possible customer should include prices and any perks that they may receive for changing banks. In addition to giving the person literature, you can offer to explain your product in more details and the reasons why they should change banks.
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Answer:
valuable to a firm even though liquid assets tend to be less profitable to own
Explanation:
Answer:
d. a., b, and c. all result in the same amount of tax.
Explanation:
The question is to determine the form of business
First we need to understand some terms
A C Corporation refers to a standard corporation as far as the IRS is concerned while the S Coproration is a corporation with a special tax status giving it some tax privileges with the IRS. We however, group organisations as either C or S based on the taxation code with the Internal Revenue Service
It should be noted that C corporation, S corporation and partnership all aply the same rate of tax. The only place of advantage or difference is in the area of how the tax is treated and the difference in their liability.
As such, the owner in the question is being taxed based on the 32% bracket and as such it affects all the forms of business structures. Therefore, Partnership. C corporation and S corporation will asll result in the same amount of tax.